Category Archives: Cryptocurrency
3 Cryptocurrency Meme Coins Set To Surge 200% Post Bitcoin Halving – Watcher Guru
The current cryptocurrency domain is buzzing with excitement as the event of Bitcoin Halving nears hard and fast. The Halving frenzy is fueling investor sentiment, with traders betting big on which crypto token will benefit the most out of the sporadic fund spread.
Bitcoin Halving, an event intended to cut Bitcoin miners rewards in half is dubbed crucial in many ways. The event plays a pivotal role in keeping the Bitcoin rarity element in check, which in turn, keeps the allure and value of Bitcoin intact. Similarly, Halving events are often accompanied by modest price fluctuations that may trigger a fund transition from BTC to other crypto tokens.
Apart from leading altcoins, the meme tokens are also sitting in the queue, awaiting the influx to sweep them over in its wake. Here are our top three cryptocurrency meme tokens that may explode post-Bitcoin Halving.
The Solana-inspired meme coin DogWifHat is leading the latest crypto bull season by becoming investors favorite token to explore and interact with. The token has recently been listed by OKx, primarily due to its rising popularity and surge that has been driving its price to hit new price milestones.
Per Coincodex, post-Bitcoin Halving, investor sentiment could suddenly pivot to $WIF, driven by its robust meme coin structure and historic price data. $WIF has always projected an array of positive price spikes while encountering minor downswings and dips in its price. Per CoinCodex, WIF is expected to surge 239% post-May 12, trading at an all-time high of $9. This could mean investors can triple their profits if they continue to hold and explore WIF for a longer duration.
According to our current Dogwifhat price prediction, the price of Dogwifhat is predicted to rise by 231.55% and reach $9.93 by May 15, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 74 (greed). Dogwifhat recorded 14/30 (47%) green days with 21.38% price volatility over the last 30 days.
The all-time investor favorite, Shiba Inu, has been basking in the positive price sentiment since its launch in August 2020. The token was one of the leading tokens to have amassed a fan base, rooting for its robust price surge and hike. With the event of Bitcoin halving on cards, the user sentiment towards Shiba Inu is now stronger than ever.
Per Coincodex, Shiba Inu may experience a massive fund injection, which could catapult its price to hit a new high. The platform predicts SHIB to surge by 227% and trade at $0.00007214 by May 15.
According to our current Shiba Inu price prediction, the price of Shiba Inu may rise by 227.07% and reach $0.00007214 by May 15, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 74 (greed). Shiba Inu recorded 14/30 (47%) green days with 7.17% price volatility over the last 30 days.
The frog-inspired meme coin Pepe soon became a cult Web3 sensation in 2024. The token embraced the bullish cycle phase of the market, leading its price to document significant price hikes. The token is currently sitting at $0.000005551, up 1.68% in the last 24 hours.
Per CoinCodex, Pepe may surge past the usual price threshold post-Bitcoin halving. The platform expects Pepe to breach past 220% and trade at a new price milestone of $0.00001768.
Also Read: Cryptocurrency: Top 3 Coins To Buy for 5X Profit In April
The price of Pepe Coin is predicted to rise by 230.95% and reach $0.00001768 by May 15, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 74 (greed). Pepe Coin recorded 14/30 (47%) green days with 9.81% price volatility over the last 30 days.
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3 Cryptocurrency Meme Coins Set To Surge 200% Post Bitcoin Halving - Watcher Guru
Cryptocurrency Investment Guide – Blockchain Council
With the rise of cryptocurrencies like Bitcoin and Ethereum, more people are becoming interested in investing in digital assets. However, navigating the complex world of cryptocurrency investment can be daunting for beginners. In this comprehensive guide, well explore everything you need to know to get started with cryptocurrency investment, including how to buy cryptocurrencies, store them securely, and trade them effectively.
Before diving into cryptocurrency investment, its essential to understand the basics of how digital assets work and their potential risks and rewards. Cryptocurrencies are decentralized digital currencies that use cryptography for secure transactions and operate independently of any central authority, such as a government or financial institution. While cryptocurrencies offer the potential for high returns, they also come with high volatility and regulatory uncertainty, making them a speculative investment.
The first step in cryptocurrency investment is to acquire digital assets through a cryptocurrency exchange. Heres how to get started:
For those interested in actively trading cryptocurrencies to capitalize on price fluctuations, here are some essential tips to consider:
While cryptocurrency investment offers the potential for high returns, it also comes with significant risks and challenges:
Cryptocurrency investment can be a rewarding venture for those willing to navigate the risks and uncertainties of the digital asset market. By following the tips outlined in this guide and staying informed about market trends and developments, investors can make informed decisions and potentially capitalize on the opportunities presented by cryptocurrencies.
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Cryptocurrency Investment Guide - Blockchain Council
Cryptocurrency: Whales Scooped Up These Coins Amidst Market Dip – Watcher Guru
In the wake of a recent cryptocurrency market drop, a fresh wallet has withdrawn $17.43 million worth of coins from Binance. The move, spotted by blockchain analytics firm Lookonchain, suggests that whales are taking advantage of the dip to buy a diverse range of altcoins.
The substantial withdrawal includes a variety of popular coins, with Avalanche (AVAX) leading the pack at 48,922 tokens, worth approximately $1.86 million. Fetch.ai (FET) follows closely, with 621,003 tokens valued at $1.45 million.
Other notable coins in the withdrawal include The Graph (GRT) at 5.14 million tokens ($1.44 million), Polygon (MATIC) at 1.9 million tokens ($1.41 million), and Optimism (OP) at 532,444 tokens ($1.29 million).
Also read: Shiba Inu: This Pattern Suggests A SHIB Surge To $0.000045
The fresh cryptocurrency wallet also bought 135,751 Render Token (RNDR) worth $1.26 million, 174,421 Polkadot (DOT) valued at $1.23 million, and 1.6 million Fantom (FTM) tokens totaling $1.15 million.
Chainlink (LINK) and Dogecoin (DOGE) were also among the altcoins withdrawn, with 68,598 LINK tokens ($993,000) and 5.3 million DOGE ($851,000), respectively.
Lesser-known coins such as Pendle (PENDLE), Gala (GALA), Aavegotchi (GHST), Aevolve (AEVO), and dYdX (DYDX) also saw significant acquisitions, with the fresh wallet accumulating tokens worth between $719,000 and $802,000 for each of these projects. Surprisingly, the wallet also scooped up 124.6 billion Pepe (PEPE) tokens, valued at $681,000.
Also read: Solana (SOL) & Binance Coin (BNB) Price Prediction This Week
The diverse range of coins acquired by the fresh wallet suggests that whales are not only focusing on well-established projects but also seeking potential in newer and lesser-known cryptocurrencies.The recent cryptocurrency market downturn has presented an opportunity for whales to accumulate altcoins at discounted prices.
The substantial withdrawal from Binance by the wallet also highlights the importance of tracking large transactions on major cryptocurrency exchanges. These movements can provide valuable insights into the strategies and sentiments of influential market players.
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Cryptocurrency: Whales Scooped Up These Coins Amidst Market Dip - Watcher Guru
Cryptocurrency: 3 Coins That Could Hit All-Time Highs This Week – Watcher Guru
The cryptocurrency market underwent a correction over the weekend, with the global market cap falling to $2.48 trillion. The price dip could be due to Irans attack on Israel, which has impacted global economics. Furthermore, rising inflation in the US has also led to investors becoming weary of risky assets, such as crypto.
However, with Bitcoins (BTC) halving just around the corner, we may witness a rebound in the crypto markets.
Bitcoin (BTC):
BTC has faced a 4.9% correction in the weekly charts, with prices falling to around $66.4k. However, with the asset undergoing its next halving cycle later this month, we may witness a sudden rally.
Also Read: Cryptocurrency: Top 3 Coins To Watch Out for in April for Maximum Profits
According to CoinCodex, BTC will hit a new all-time high of $74,621 on Apr. 20, 2024. Reaching $74,621 from current levels would translate to a growth of about 12.31%.
Furthermore, CoinCodex predicts BTC to continue surging over the next few weeks. The platform anticipates the cryptocurrency to hit $85,986 by mid-May 2024. Reaching $85,986 from current levels would translate to a growth of about 29.4%.
Toncoin (TON):
TON is one of the best-performing cryptocurrencies right now. The asset is up by 10.2% in the daily charts, 28.2% in the weekly charts, 34.5% in the 14-day charts, and 85.6% over the previous month. TONs recent surge could be due to positive ecosystem developments within the project. The asset recently overtook Dogecoin (DOGE) as the 9th largest cryptocurrency by market cap.
Also Read: Top 3 Cryptocurrencies That May Hit All-Time Highs In Q2 2024
Although TON recently hit an all-time high of $7.63 on Apr. 11, CoinCodex anticipates the asset to hit a new high this week. The platform predicts TON to hit $7.94 on Apr. 18, 2024. Furthermore, CoinCodex expects TOn to continue surging over the next few weeks, hitting $23.86 on May 13, 2024.
dogwifhat (WIF):
WIF is another cryptocurrency that is expected to hit an all-time high soon. The asset recently hit a new high of $4.83 on Mar. 31, 2024. However, according to CoinCodex, WIF could hit a new high next week. According to the platform, WIF could surge to $4.87 on Apr. 28, 2024.
Furthermore, CoinCodex anticipates the cryptocurrency to continue surging over the next few weeks, hitting $10.29 on May 13, 2024.
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Cryptocurrency: 3 Coins That Could Hit All-Time Highs This Week - Watcher Guru
Navigating High ROI in Cryptocurrency: Ethereum (ETH), Shiba Inu (SHIB), and Furrever Token (FURR) – Yahoo Finance
Furrever Token
New York, NY, April 12, 2024 (GLOBE NEWSWIRE) -- Amidst the turbulent seas of the crypto markets, Ethereum (ETH) and Shiba Inu (SHIB) find themselves navigating stormy waters, facing challenges in their quest for a new rally. Despite efforts to regain solid footing, both ETH and SHIB encounter obstacles that hinder their upward momentum. In stark contrast, Furrever Token (FURR) emerges as a beacon of success, surpassing the impressive milestone of $770,000 in fundraising within just one month. While ETH and SHIB grapple with market dynamics, FURR's rapid ascent highlights its growing appeal and investor confidence in its promising trajectory.
Ethereum (ETH) Could See $4,000 Again Soon
Ethereum (ETH) is currently priced at around $3,502.22, marking a nearly 1% increase since yesterday. Despite recent fluctuations, Ethereum's price chart suggests signs of potential recovery, with indicators like the 30-day moving average stabilizing and the Relative Strength Index (RSI) climbing from 30 to approximately 45, indicating momentum.
The recent bounce-back of Ethereum's support level is also a positive indicator, alongside a doubling of trading volume, indicating heightened market activity. This surge in volume, potentially due to large investors' selling pressure, is encouraging as it hasn't significantly impacted Ethereum's price.
Considering the broader crypto market conditions, Ethereum seems poised for positive performance in the near and long term. It's expected to benefit from potential rallies following Bitcoin's upcoming halving event. Additionally, the potential approval of spot-based Ethereum ETFs could be a significant development, similar to the impact of Bitcoin ETFs on BTC's price.
Ethereum's robust fundamentals, particularly its significant share in the total value locked (TVL) aspect of the market, suggest it's primed for a substantial uptrend. This could see Ethereum reaching levels around $4,000 in the coming weeks and potentially $5,000 in the second half of the year.
Despite experiencing a 5% increase over the past week, Ethereum saw a 12.5% decline last month. However, it's important to note that Ethereum saw an 89% increase over the past year.
Analyzing Shiba Inu (SHIB): Consolidation, Potential Opportunities, and Market Indicators
Shiba Inu (SHIB) is currently trading at around $0.00002737, reflecting a 1% decrease since yesterday. The popular meme token has been in a phase of retreat and consolidation over the past six weeks. However, the cryptocurrency's price movement chart hasn't shown any reasons for investors to panic. On the contrary, experts suggest that a further 15% drop in SHIB's price could present a good buying opportunity.
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A recent report on Shibarium revealed a decline in transaction fees on the network, which could raise concerns about diminishing user activity and a potential decrease in demand. The 12-hour price chart for the meme token has highlighted the significance of the $0.00003 level since March 15. Bulls briefly turned to support in the last week of March but failed to hold, with the latest bounce also stopping just below this level at $0.00000295.
The Relative Strength Index (RSI) underscores the indecision with a reading of 47, while the Chaikin Money Flow (CMF) remains similarly uncertain. Notably, the cryptocurrency's price action and indicators indicate that SHIB is in a consolidation phase. CMF movement could potentially signal increasing buying (or selling) pressure and an imminent SHIB movement in that direction.
The 30-day MVRV ratio dipped into negative territory earlier this month, suggesting the token may be undervalued. Conversely, the average cryptocurrency age has shown a strong upward trend since early March, particularly signaling a robust buying signal due to strengthening under resistance levels.
Open positions have also significantly decreased in the last ten days. While the average cryptocurrency age rapidly declined in early March, stagnant circulation has largely increased since then. This quietness in stagnant circulation may signal a lack of significant selling pressure and token movement in recent weeks.
Furrever Token (FURR) Soars: How it Amassed $770,000 in a Month with Up to 15X Returns
Furrever Token (FURR) surged to amass over $730,000 in just one month, propelled by a strategic blend of captivating marketing, unique tokenomics, and a robust community-driven ethos. With an enticing offer of up to 15X returns and a current price of $0.00048, FURR's presale phase garnered significant attention and investment.
The token's allure stems from its innovative vision to inject the crypto sphere with an irresistible dose of cuteness, providing users with a delightful and charming experience distinct from conventional blockchain ventures. FURR's presale strategy strategically allocated 65% of tokens to early investors, incentivizing participation and capitalizing on the potential for substantial returns. Additionally, the dedication to lock 10% of tokens for a year underscored a steadfast commitment to project longevity, instilling confidence and stability within the community.
FURR's engagement initiatives, including regular challenges, launch events, and growth endeavors, fostered a vibrant and inclusive community atmosphere. The integration of adorable cat-themed stickers, emojis, and visuals into the ecosystem further enhanced user engagement, attracting a diverse audience beyond traditional crypto enthusiasts.
The absence of buy and sell taxes during trading streamlined transactions, while the active presence of admins and moderators on platforms like Telegram ensured prompt resolution of queries and issues, bolstering trust and credibility.
Overall, Furrever Token's captivating concept, strategic tokenomics, stringent security measures, and active community involvement propelled its rapid fundraising success, positioning it as a promising contender in the crypto landscape.
Secure the Most Exclusive Presale Opportunity of 2024 Today!
Furrever Token Official Website|Visit Furrever Token Presale
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Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.
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Navigating High ROI in Cryptocurrency: Ethereum (ETH), Shiba Inu (SHIB), and Furrever Token (FURR) - Yahoo Finance
Cryptocurrency: UK to Unveil Regulation Framework by June-July – Watcher Guru
Regulations have played an important role in the cryptocurrency industry. As the fervor around these assets has been rising, governments across the globe have been taking proactive steps to roll out laws. The United Kingdom, for instance, is on the verge of implementing compressive guidelines for both cryptocurrencies and stablecoins. This legislation is expected to make its debut by June or July 2024.
The Economic Secretary Bim Afolami spoke at the Innovate Finance Global Summit and noted the governments strategy to subject a wide range of cryptocurrency activities to regulatory oversight for the first time. This includes staking, custody services, as well as exchange operations. He further pointed out the importance of finalizing the regulatory framework swiftly. He added,
We are now working at pace to deliver the legislation to put our final proposals for our regime in place. Once it goes live, a whole host of crypto asset activities, including operating an exchange, taking custody of customers assets and other things, will come within the regulatory perimeter for the first time.
Also Read: Cryptocurrency: 3 Coins to Buy in April for Bullish Returns
Regulations and laws are not formed overnight in most cases. Similarly, the groundwork for this regulatory initiative was laid back in 2023. The pivotal financial markets bill paved the way for the regulated antidote of stablecoins and cryptocurrency. The Bank of England [BoE] along with the Financial Conduct Authority [FCA] have jointly engaged in formulating a regulatory framework. This was done by soliciting industry feedback and insights through consultations.
Additionally, many have pointed out how the increase in regulatory advancements around cryptocurrency coincides with the broader political uncertainty. The UK is scheduled for elections later this year. Therefore, the potential for a change in government raises queries regarding the continuity and execution of the prevailing crypto agenda. This could also pan out to be a momentous stride in the nations journey towards venturing into the cryptocurrency industry.
Also Read: Cryptocurrency: Top 3 Coins To Watch Out for in April for Maximum Profits
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Cryptocurrency: UK to Unveil Regulation Framework by June-July - Watcher Guru
SEALSQ Launches Industry Research and Development Initiative Blending IoT with Cryptocurrency Mining – GlobeNewswire
Geneva, Switzerland, April 15, 2024 (GLOBE NEWSWIRE) -- SEALSQ Corp ("SEALSQ" or "Company") (NASDAQ: LAES), a company that focuses on developing and selling Semiconductors, PKI and Post-Quantum technology hardware and software products, today unveiled its innovative R&D projects blending IoT with cryptocurrency mining for the development of new, more energy-efficient mining algorithms that are tailored specifically for IoT devices.
The concept of integrating Internet of Things (IoT) devices with cryptocurrencies mining represents a significant innovation in the use of smart devices. SEALSQ is currently developing this technology as part of a research and development project. The full integration of IoT devices with cryptocurrency mining and payments is planned to coincide with the availability of the SEALCOIN token, which will serve as a critical component of this system. This approach ensures that once implemented, IoT devices will not only perform their standard tasks but will also engage in mining and transactions securely and efficiently, safeguarded against potential cyber threats.
Imagine your home smart meter not just tracking energy usage but also earning a small fraction of Bitcoin in the process. This scenario is becoming a tangible reality through the integration of Internet of Things (IoT) technology with cryptocurrency mining. As smart devices around the home evolve, an unexpected new functionality emerges: the ability to mine cryptocurrency. Securely powered by SEALSQ semiconductors and enhanced with Matter certificates, this smart meter does more than just measure your electricityit participates actively in the digital economy, ensuring safe and efficient operation while tapping into the lucrative world of cryptocurrency mining.
The deployment of this project will enable IoT devices to not only mine cryptocurrencies but also to process transactions directly, leveraging their operational downtime. This forward-thinking project is poised to transform everyday electronic devices into active participants in the cryptocurrency market, creating additional value and utility.
As a pioneer at the forefront of technology, SEALSQ is steering the future towards an innovative convergence of the IoT and cryptocurrency mining. This integration represents a significant step in the evolution of smart technology, merging everyday functionality with economic productivity.
With technological advancements, the processing capabilities of IoT devices continue to improve, making them increasingly suitable for cryptocurrency mining activities. SEALSQ is exploring the development of new, more energy-efficient mining algorithms that are tailored specifically for IoT devices. This research aims to further integrate the realms of smart technology and cryptocurrency, paving the way for a sustainable and efficient mining process.
The concept of utilizing IoT devices for cryptocurrency mining is still in its nascent stages, yet it embodies the innovative spirit of merging two revolutionary technological trends. While there are practical and technical challenges to address, the idea of transforming smart devices from mere convenience tools to active participants in cryptocurrency mining is a thrilling prospect.
As SEALSQ ventures into this new territory, a meticulous and thoughtful approach is paramount. The potential of IoT devices to contribute to economic activities, beyond their conventional uses, requires careful consideration to overcome obstacles and fully realize the opportunities this technological fusion offers.
About SEALSQ
SEALSQ is at the forefront of technological innovation in digital security and semiconductor technology. With a focus on developing solutions that address the challenges of the post-quantum era, SEALSQ is committed to ensuring the security and integrity of digital interactions and transactions across various industries.
SEALSQ focuses on selling integrated solutions based on Semiconductors, PKI and Provisioning services, while developing Post-Quantum technology hardware and software products. Our solutions can be used in a variety of applications, from Multi-Factor Authentication tokens, Smart Energy, Smart Home Appliances, and IT Network Infrastructure, to Automotive, Industrial Automation and Control Systems.
Post-Quantum Cryptography (PQC) refers to cryptographic methods that are secure against an attack by a quantum computer. As quantum computers become more powerful, they may be able to break many of the cryptographic methods that are currently used to protect sensitive information, such as RSA and Elliptic Curve Cryptography (ECC). PQC aims to develop new cryptographic methods that are secure against quantum attacks.
For more information, please visit http://www.sealsq.com
Forward-Looking Statements
This communication expressly or implicitly contains certain forward-looking statements concerning SEALSQ Corp and its businesses. Forward-looking statements include statements regarding our business strategy, financial performance, results of operations, market data, events or developments that we expect or anticipates will occur in the future, as well as any other statements which are not historical facts. Although we believe that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the success and timeline of SEALCOIN's launch; the timeline for and the successful release of the Machine-to-Machine (M2M) Proof of Concept (PoC); SEALs token Issuance and Exchange Listing before the end of 2024; SEALSQ's ability to continue beneficial transactions with material parties, including a limited number of significant customers; market demand and semiconductor industry conditions; and the risks discussed in SEALSQ's filings with the SEC. Risks and uncertainties are further described in reports filed by SEALSQ with the SEC.
SEALSQ Corp is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.
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SEALSQ Launches Industry Research and Development Initiative Blending IoT with Cryptocurrency Mining - GlobeNewswire
WIF, BONK & BUDZ: Top Cryptocurrency Memecoins To 10X After BTC Halving, Dogwifhat Price Prediction – Blockonomi
As the crypto community braces for the upcoming Bitcoin halving, attention is pivoting towards smaller cap memecoins like Dogwifhat (WIF), Bonk (BONK), and Shiba Budz (BUDZ). These tokens, known for their vibrant communities and meme appeal, are predicted to see significant gains. With Dogwifhat (WIF) leading the charge, experts suggest a potential 10X surge in value for these memecoins, riding on the post-halving market dynamics.
Dogwifhat (WIF) has emerged as a favorite in the meme coin universe, known for its quirky branding and robust community support. The upcoming BTC halving is expected to catapult Dogwifhat (WIF) into new heights as investors look for high-potential assets. The price prediction for Dogwifhat (WIF) remains bullish, with forecasts suggesting a significant uptick post-halving.
Similarly, Bonk (BONK) has been quietly making waves in the crypto space. This lesser-known memecoin has garnered attention for its unique tokenomics and active development team. As the market anticipates the Bitcoin halving, Bonk (BONK) is positioned to benefit from the increased exposure and investor interest, potentially leading to a 10X increase in its valuation.
Shiba Budz (BUDZ) stands out with its innovative approach to integrating meme culture with practical utility. As a new entrant, Shiba Budz (BUDZ) is rapidly gaining traction, thanks to its engaging community and strategic partnerships. With the BTC halving on the horizon, Shiba Budz (BUDZ) is expected to ride the bullish wave, attracting investors looking for the next big memecoin.
The correlation between the Bitcoin halving and the surge in memecoins like Dogwifhat (WIF), Bonk (BONK), and Shiba Budz (BUDZ) is rooted in the typical market cycle that follows a halving event. Historically, reduced BTC supply post-halving leads to increased prices, which in turn fuels interest in altcoins. Dogwifhat (WIF), Bonk (BONK), and Shiba Budz (BUDZ) are well-positioned to capitalize on this trend.
Dogwifhat (WIF) not only offers meme appeal but also a strong sense of community, making it a solid candidate for substantial gains. Bonk (BONK), with its unique approach to token distribution and community-driven initiatives, presents a compelling case for potential investors. Meanwhile, Shiba Budz (BUDZ) combines the viral nature of memes with practical applications, setting it apart from many of its peers.
As the crypto world looks towards the halving, Dogwifhat (WIF), Bonk (BONK), and Shiba Budz (BUDZ) are anticipated to be at the forefront of the memecoin rally. Each coin has cultivated a unique niche, promising a combination of community engagement and potential financial rewards. The price predictions for these tokens are optimistic, with many analysts expecting exponential growth in the aftermath of the Bitcoin halving.
In conclusion, Dogwifhat (WIF), Bonk (BONK), and Shiba Budz (BUDZ) represent exciting opportunities within the cryptocurrency space. As the BTC halving approaches, these memecoins are not just riding the crypto wave but are poised to redefine what it means to be a successful memecoin. With strong communities and unique value propositions, Dogwifhat (WIF), Bonk (BONK), and Shiba Budz (BUDZ) are set to potentially achieve a 10X growth, heralding a new era for investors and enthusiasts alike.
For more information on the Shiba Budz (BUDZ) Presale:
Presale Website: SHIBA BUDZ (BUDZ)
Use Promo Code budzmoon30 to get 30% bonus
Join and become a BUDZ member:
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WIF, BONK & BUDZ: Top Cryptocurrency Memecoins To 10X After BTC Halving, Dogwifhat Price Prediction - Blockonomi
What is Bitcoin halving and is it a good time to buy? – Quartz
Satoshi Nakamoto, a person or group whose identity remains unknown to this day, created the digital currency Bitcoin on Jan. 3, 2009. A whole cryptocurrency industry was born out of it, one that has become increasingly mainstream.
Is Bitcoin too speculative?
Bitcoin prices have been on a roller-coaster ride over the past few months. But something coming soon thats known as a Bitcoin halving event could shoot them to new highs throughout the year. Bitcoin halving, a technical event that occurs every four years and cuts the reward for mining new Bitcoin by half. The feature is important to understand how Bitcoin functions.
In mid-April, the reward miners get for minting new Bitcoin will be cut in half, from 6.25 bitcoin to 3.125. This happens every four years and will continue until all 21 million Bitcoin are mined. While the exact date of the halving event remains unclear, its set to take place on or before April 19.
Halving was written into Bitcoins code from the beginning to ensure scarcity and safeguard against inflation. Previous halving events coincided with huge Bitcoin price increases.
Heres what to know about the coming Bitcoin halving, as well as what it will mean for Bitcoins price and more.
Bitcoin is generated by miners who use computer hardware to solve complex mathematical problems and verify transactions on the blockchain network. In return, miners receive a predetermined amount of Bitcoin for each block of transactions they process.
The reward, which is given to miners who verify the transaction, is a way to create more Bitcoin. The first Bitcoin block, also known as the Genesis Block, was created by Nakamoto in 2009 and was rewarded with 50 Bitcoin.
Bitcoins supply is limited to a maximum of 21 million coins. This means no additional coins will be generated or created after reaching that 21 million limit. Nakamoto introduced the concept of Bitcoin halving to limit the quantity of the cryptocurrency and make it more valuable to combat inflation. Thats why Bitcoin halving is important, as it prevents the uncontrolled creation of Bitcoin.
The Bitcoin blockchain creates 210,000 new blocks in about four years, which is the standard established by its creators. The first reward was 50 bitcoin in 2009, when Bitcoins price was almost 0.
Bitcoins next halving is expected to take place on or before April 19, reducing the mining reward to 3.125 Bitcoin. The process will continue until roughly 2140. This means that after the 2024 halving, 29 more halving events will occur before the final reward of just one satoshi (the smallest unit of the Bitcoin) is granted.
Bitcoin halving has historically boosted the price of the cryptocurrency.
For instance, after the first Bitcoin halving in 2012, the price was $12. It went up to $44 in 100 days, and then $135 in 300 days.
Similarly, after the 2016 halving event, the flagship cryptocurrency went from $658 to $1,551 in 300 days.
And in the most recent halving of 2020, the price of $8,601 went to $50,941 within 300 days.
CoinGecko, a crypto tracking website, finds that Bitcoins price has increased by 103,877% since 2013. Bitcoin was trading at about $70,000 in mid-April, just 4.4% off its all-time high reached on March 14, 2024.
The upcoming Bitcoin halving event and the inflows into the spot Bitcoin ETF market have spread excitement among investors, and some key figures in the crypto industry believe Bitcoins price can go to $100,000.
Satoshi Nakamoto set a cap on the supply of Bitcoin at 21 million, which limits the number of Bitcoin that can ever exist. As of March 2024, there were approximately 19.65 million Bitcoin in circulation, with only about 1.35 million left to be released through mining rewards. It is estimated that by 2140, when all 21 million Bitcoin will be mined, that the network will stop creating new bitcoins.
Bitcoin miners generate revenue through block rewards and transaction fees. Once all 21 million Bitcoin have been mined, the block reward will decrease to zero. But miners could continue to earn an increasing portion of their income from transaction fees.
After the Bitcoin halving, the block reward for miners is reduced by half. This year, it will be reduced from 6.25 Bitcoin to 3.125 Bitcoin.
In the short run, the reduction in block rewards could potentially impact miners, requiring them to invest in more advanced mining equipment to remain competitive. That said, Bitcoins price will likely rise, as it always has after previous halvings. So that means miners may earn enough profit even with a reduced Bitcoin reward.
Bitcoin mining is notorious for consuming energy, leading to concerns among climate activists seeking to ban it. An online tool from the University of Cambridge says that Bitcoins annual energy consumption is equivalent to that of Switzerland.
Experts have tried to find more eco-friendly ways to make Bitcoin, and there are concerns about how halving will impact electricity consumption.
With every Bitcoin halving, the competition to verify transactions increases. This forces miners to upgrade to advanced ASIC miner rigs that maximize productivity and minimize power consumption. So Bitcoin halving can help a little but its definitely not a greener way for generating Bitcoin.
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What is Bitcoin halving and is it a good time to buy? - Quartz
Psycholinguistic and emotion analysis of cryptocurrency discourse on X platform | Scientific Reports – Nature.com
In this research, we examined cryptocurrency data, concentrating on a specific group of cryptocurrencies. Our choice of these particular coins was driven by their significant popularity among users, as well as the limited availability of substantial data for other coins. To interpret the data, we applied four analytical methods explained in section"Introduction". Here we present the outcomes of our analysis for each of the aforementioned cryptocurrencies. The selection of features was made considering their past influence29,61. In the analysis conducted, LIWC assessments were applied to nine cryptocurrencies, resulting in an extensive collection of nine distinct analyses. We selected values that were highly informative for extracting linguistic interpretations relevant to cryptocurrencies. Our choice was made to capture key aspects of sentiment, linguistic style, and thematic content pertinent to discussions around cryptocurrencies. By narrowing down our focus to these particular features, we aimed to mine information from the psychological and linguistic dimensions of cryptocurrency discourse, thus aligning analysis with our goals. these categories encompass analytical thinking (metric of logical, formal thinking), clout (language of leadership), drives (related to personal motivations and psychological desires), affect (linguistic expressions associated with emotional and affective states expressed by a given text), money (refers to a set of linguistic cues or indicators related to financial terms, wealth, and economic aspects, Want (a human ability that allows individuals to envision future events with flexibility), attention (crucial subset of the Perception category), netspeak (represents a subset of the conversational category) and filler (non-essential sounds, words, or phrases, commonly used in speech to fill in pauses and maintain the flow of conversation without altering its meaning). In the drives and affect categories, additional features will be elaborated upon in the following discussion. Our examination indicated that Fantom attracts a larger number of tweets centered on technical aspects and holds a higher level of trust in comparison to other cryptocurrencies. For Binance, our observations revealed that the tweets predominantly revolve around themes of affiliation, achievements, and the pursuit of power and wealth. This pattern in discussions on Binance suggests a focus on notable accomplishments and financial success, indicative of a unique narrative and sentiment surrounding the coin. For Matic, the tweets primarily center around emotional impact compared to other cryptocurrencies. This emphasis on affective responses suggests that the coin is particularly influenced by emotional novelty. This distinctive characteristic could be considered a contributing factor to the fluctuations in the coins price, as emotional sentiment plays a significant role in shaping market dynamics and investor behavior. Our analysis revealed that Dogecoin exhibits a higher prevalence of netspeak, the informal language commonly used on the internet, compared to other cryptocurrencies. Conversely, Ethereum appears to attract more attention relative to other coins. This distinction suggests that Dogecoin is characterized by a more casual and internet-centric communication style, while Ethereum stands out for its ability to capture increased Attention and interest. A deeper understanding of the communication dynamics and community sentiment surrounding different coins may aid investors in making more informed choices, aligning their investment strategies with the unique qualities and trends associated with each cryptocurrency. From an emotional perspective, most cryptocurrencies exhibit a generally moderate and harmonious emotional profile. Notably, there is a distinct focus on the emotional category of Anticipation, with Dogecoin taking the forefront in this aspect. In this context, Anticipation likely signifies the expectation or excitement surrounding the future prospects, developments, or events associated with these cryptocurrencies.The outcomes of our analysis are presented in Table5. In terms of readability, the analysis revealed that Dogecoins tweets are relatively more challenging to read and comprehend, as indicated by lower scores on the Flesch Reading Ease measure. The Flesch-Kincaid and Dale-Chall Measures suggest an average reading difficulty level akin to content tailored for college graduates. Conversely, Ethereums tweets, as per the Gunning Fog Index, demand a higher level of reading proficiency, indicating a more complex and advanced readability suitable for individuals with a college-level education and vocabulary. To explore additional results, refer to Figs. 5 and 6s, as well as Table6.
The LIWC model revolutionized psychological research by making the analysis of language data more robust, accessible, and scientifically rigorous than ever before. LIWC-22 examines over 100 textual dimensions, all of which have undergone validation by esteemed research institutions globally. With over 20,000 scientific publications utilizing LIWC, it has become a widely recognized and trusted tool in the field62 giving way to novel approaches in analysis63,64. Although LIWC provides several benefits, it has its limitations. One drawback is its dependence on predefined linguistic categories, which might not encompass nuances and variations present in natural language. Furthermore, LIWC may encounter challenges in accurately deciphering sarcasm, irony, and other subtle forms of language usage, potentially resulting in text misinterpretation.
To effectively convey the outcomes of our analysis, average values among all the tweets were computed for each of LIWC categories. Averages can help identify broadscale sentiment trends over time. By tracking changes in average scores across key linguistic categories, such as sentiment, emotion, or cognitive processes, one can observe shifts in user sentiment and attitudes towards cryptocurrencies, market developments, or external events. Therefore, the average was calculated by summing up the scores of all comments related to each coin for each LIWC feature and then dividing by the total number of comments for that coin. These computed averages provide information along the linguistic and psychological dimensions intertwined with the selected digital currencies. A comprehensive presentation of these average values for each category can be found in Table3.
Analytical Thinking, when showing high numerical values, signifies a formal, logical, and hierarchical thought process. Conversely, lower numbers suggest a more informal, personal, present-focused, and narrative style of thinking65. The values of this category computed for tweets related to cryptocurrency, reach their highest average score of 67.76 in texts mentioning Fantom. This fact indicates that, on average, discussions in this domain exhibit a relatively high level of logical and formal thinking. Conversely, the lowest average score of 52.00 was found for Ripple, which might suggest that discussions concerning this particular cryptocurrency place slightly less emphasis on logical and analytical thinking compared to the cryptocurrency domains average.
Clout is one of the four summary variables in LIWC designed to assess the degree of confidence and certainty conveyed in the text66,67. Our analysis revealed that the cryptocurrency Fantom exhibits a relatively high Clout score, with an average result of 70.91. This suggests that discussions and conversations related to Fantom often convey a strong sense of confidence and certainty. This high Clout score may also indicate a substantial degree of assurance in Fantom stability. In contrast, the cryptocurrency Ripple demonstrates a comparatively lower Clout score with an average result of 43.39. Figure2 presents a comparative evaluation of Analytical Thinking and Clout scores across different cryptocurrencies. This suggests that discussions related to Ripple may not consistently display the same level of confidence and certainty found in the Fantom discussions. In essence, when Fantom demonstrates higher Clout values, it signifies that the users who composed the tweets are expressing increased confidence. This, in turn, leads us to infer a heightened level of knowledge on their part. In both analyses, we observed that Fantom consistently had the highest scores, indicating a higher level of analytical thinking and confidence in discussions related to it. Conversely, Ripple consistently had the lowest scores in both categories, suggesting a relatively lower emphasis on analytical thinking and a lower degree of expressed confidence in discussions related to it. While these observations suggest a correlation between analytical thinking and confidence in these specific cryptocurrency discussions, its important to note that correlation does not imply causation. Other factors, such as market conditions, community sentiment, and news events, can also influence these results. For example, when we examined Binance, we foound that it ranks as the second-highest in terms of Analytical Thinking scores among the various cryptocurrencies. However, when we assess it as the position in the Clout category, Binance ranks fifth. The results of Analytical Thinking and Clout analysis related to digital currencies can be viewed in Table3.
Comparative evaluation of analytical thinking and clout scores across different cryptocurrencies.
Drives is a comprehensive dimension that encapsulates various needs and motives65. In our LIWC analysis, we concentrated on the Drives, particularly examining the aspects of Affiliation, Achievement, and Power. We observed that the presence of Affiliation-related language (such as us and help) is comparatively lower in discussions related to Cardano, while it appears more frequently in conversations about Dogecoin. Similarly, in terms of Achievement-related language (including work, better, and best), Dogecoin tends to have fewer instances compared to Matic. Furthermore, when examining Power-related language (like allow and power), we found that Dogecoin exhibits a lower frequency, while Bitcoin discussions tend to feature a greater occurrence of such language. These patterns highlight variations in linguistic expressions across different cryptocurrencies, shedding light on the distinctive characteristics of discussions over different digital coins. Upon closer examination, it became evident that tweets originating from Binance sources tended to include a higher frequency of words associated with Drives, whereas Fantom source tweets had a notably lower occurrence of Drives-related words.Additional details can be found in Fig.3.
Frequency of language associated with affiliation, achievement, power, and drives across different cryptocurrency discussions.
In the Affect1 subset, our analysis encompassed various emotional dimensions, including Positive Emotion, Negative Emotion, Anxiety, Anger, Sadness, and Swear Words. In the upcoming Emotion section, we delve deeper into affective analysis. However, in this preliminary report, we provide an overview of the affective processes observed in the LIWC analysis. It can be observed in Table3 that there is a variation in affective (good, well, new, love) content among different cryptocurrencies. Notably, Matic coin exhibits a higher level of affective language, while Ada appears to have a lower level. This distinction becomes clearer when we explore the affective subcategories including Positive tone (new, love), Negative tone (bad, wrong, too much, hate), Emotion (good, love, happy, hope), and Swear words (shit, fuckin*, fuck, damn), as depicted in Fig. 4. It becomes evident that Matic coin scores higher in Positive tone and Emotion, while Bitcoin registers a higher Negative tone. Additionally, Ripple stands out with a higher score in Swear words, indicating potential user dissatisfaction. When we further break down the Emotion category into its subsets, which encompass Anxiety (worry, fear, afraid, nervous), Anger (hate, mad, angry, frustr), and Sadness (sad, disappoint, cry), we notice that Dogecoin exhibits a higher score in Anxiety, Ripple in Anger, while most of the nine analyzed coins show similar values for Sadness. These observations contribute to our analysis and highlight the varying affective language usage across different cryptocurrencies, which we explore in greater detail in the subsequent Emotion section.
Comparative analysis of affective language dimensions-positive tone, negative tone, emotion, and swear words-across different cryptocurrencies.
Want words signify the authors desires or preferences. Typically, wants are philosophically differentiated from needs by conceptualizing needs as innate and essential for survival, while wants are learned and generally linked to additional satisfaction beyond basic necessities68. What is important for cryptocurrency analysis in this category is the aspect of hope (want, hope, wanted, wish) as Want, or Hope, is a remarkable human ability that allows individuals to envision future events and their potential outcomes with flexibility69. Many users have high hopes for the future of cryptocurrency, anticipating greater benefits from their investments. From Table3, it becomes evident that Shiba is the cryptocurrency that garners most hope among users. The range of hope scores falls between 0.19 and 0.41, with the lowest level of hope associated with Fantom. This data suggests that Shiba is particularly promising in the eyes of cryptocurrency enthusiasts, while Fantom elicits comparatively less optimism.
Another important LIWC category is Money (business, pay, price, and market)22. The range of Money scores, from 2.46 for Shiba to 10.51 for Binance, indicates varying degrees of discussion or emphasis on cryptocurrency financial aspects. Notably, Binance stands out with the highest score, suggesting a significant emphasis on business and financial aspects in discussions related to this coin. Conversely, Shiba has the lowest score, indicating relatively less emphasis on these financial terms in conversations related to it. These findings offer a glimpse into the importance placed on financial and business-related aspects and potentially shed light on the perception and use of the cryptocurrencies in the broader context of market and economy.
At the dawn of experimental psychology, William James wrote that everyone knows what attention is. It is the taking possession by the mind, in a clear and vivid manner70. When users include the term Attention in their tweets, it signifies their intention to draw focus to a significant event or topic. Upon reviewing Table3, it becomes evident that Ethereum tweets receive more attention than tweets about the other cryptocurrencies, indicating a heightened interest or emphasis on Ethereum-related matters. Conversely, tweets concerning Dogecoin appear to attract less attention when compared to tweets about the other coins, suggesting a relatively lower level of interest or engagement in discussions related to it. For Shiba, our observations indicate a prevalent sense of hope and an increased use of filler words compared to the other cryptocurrencies. This heightened expression of hope suggests a more optimistic sentiment surrounding Shiba when contrasted with the other coins. Additionally, the frequent use of filler words, including expressions like wow, sooo, and youknow signifies a more conversational and engaged discourse. This linguistic pattern may reflect a greater level of enthusiasm and interaction among Shiba enthusiasts.
This analysis includes words commonly used in social media and text messaging, such as bae, lol and basic punctuation-based emoticons like 🙂 and ;)65,71. This mode of communication is widely employed by netizens during computer-mediated communication (CMC). In the context of cryptocurrency discussions, which predominantly transpire on online forums, social media platforms, and chat groups, it is customary for participants to incorporate netspeak into their interactions. Through the analysis of netspeak, researchers can understand more the degree of user engagement and interaction. Notably, the adoption of terms such as HODL (a deliberate misspelling of hold, indicating a long-term investment strategy) or moon (indicating an expectation of significant price increases) serves as meaningful pointers to user sentiment and active participation in discussions. In the obtained results, Matic stands out prominently with a notably high netspeak score, signaling the prevalence of internet-specific expressions and informal language related to it. The results can be found in Table3. Fillers (wow, sooo, youknow) are non-essential sounds, words, or phrases, such as well, erm or hmm commonly used in speech to occupy pauses and maintain the flow of conversation without altering its meaning65,72,73. The filler analysis results highlight that Shiba and Dogecoin exhibit higher scores in this category compared to the other cryptocurrencies, with scores ranging between 0.02 and 0.04 for the remaining coins, as depicted in Table3. In the sentiment analysis, its clear that Fantom distinguishes itself with a notably elevated positive score in comparison to the other cryptocurrencies. A consistently positive sentiment can enhance investor confidence, attract new stakeholders, and contribute to a more favorable market perception. Table3 presents the remaining outcomes for the other cryptocurrencies.
Table4 provides a detailed sentiment analysis, encompassing positive, neutral, and negative percentages for various digital coins. In the world of cryptocurrency investments, its common for investors to assess public sentiment before making their decisions, as highlighted in prior research30. Consequently, sentiment analysis has gained substantial importance on cryptocurrency markets74. Studies have shown that tweets expressing positive emotions wield substantial influence over cryptocurrency demand, while negative sentiments can have the opposite effect32,33.
Analyzing the data in Table4, it becomes apparent that Fantom distinguishes itself by displaying a notably higher positive sentiment percentage in comparison to its digital counterparts, which strongly suggests an elevated degree of interest and enthusiasm among investors towards this digital coin.
Examining opinions involves another aspect known as emotion detection. In contrast to sentiment, which can be positive, negative, or neutral, emotions offer richer categorization over personality traits by revealing experiences of joy, anger, and more. Automated methods for emotion detection have been developed to enhance the analysis of individual sentiments. The primary goal of emotion analysis is to identify the specific words or sentences conveying emotions75. To achieve such analysis, we employed the NRCLex library to extract and categorize emotions from text24. NRCLex is a Python library designed for natural language processing and sentiment analysis. The acronym stands for Natural Resources Canada Lexicon, and it is particularly focused on assessing sentiment in text based on word associations. NRCLex is built upon a lexicon that assigns sentiment scores to words, allowing users to analyze the sentiment of individual words, sentences, or entire documents76. Table5 provides the outcomes of our emotion analysis, revealing a narrow range of results for various emotions: Anger (0.02-0.04), Surprise (0.01-0.02), Sadness (0.01-0.03), Disgust (0.01-0.02), and Joy (0.02-0.04). These consistent findings suggest that most of the coins evoke similar emotional responses, highlighting their emotional proximity.
In contrast, when it comes to emotions such as Fear and Trust, there are more noticeable differences between the coins. For instance, when examining the sentiment of Cardano, the fear score is 0.0324, while the trust score is higher at 0.1252. Similarly, for Ripple, the fear score is 0.0416, with a trust score of 0.1172. The scores provide a difference in the emotional tones associated with these cryptocurrencies, indicating the levels of fear and trust expressed in the analyzed content.
Furthermore, the emotion of Anticipation stands out with higher scores in tweets, indicating that many users are keen on anticipating the future of these coins. Notably, Dogecoin (0.3752) and Shiba (0.3467) generate more anticipation among users when compared to the other coins.
In this section, we pay attention to the readability of data, utilizing metrics such as the Flesch Reading Ease25, Flesch-Kincaid Grade Level26, Gunning Fog Index27, and Dale-Chall Readability Score28. Assessing readability helps distinguish between text that is straightforward to grasp and text that is complex and demands a high level of education or intelligence to comprehend. Numerous readability metrics exist for text evaluation, and we have chosen to employ the above four measures as the most widely recognized tests to assess tweets.
Table6 presents the significant differences in readability scores across tweets related to nine different digital coins.
The Flesch Reading Ease score provides an indication of how easily a text can be understood, with higher scores indicating greater readability. Flesch Reading Ease score can be observed in Fig.5. The Flesch-Kincaid Grade Level is a metric that estimates the educational grade level required to understand a piece of text based on factors like sentence length and word complexity. Analyzing the readability scores for the tweets related to each digital coin shows the linguistic complexity employed in discussions surrounding these coins. The presence of significant differences in readability scores suggests variations in the accessibility and comprehension levels required to engage with these tweets. Negative scores in some readability metrics, such as the Flesch Reading Ease and Flesch-Kincaid Grade Level, indicate higher levels of complexity, while positive scores indicate greater ease of comprehension. Refer to Fig.6 for the necessary details to assess the readability levels of the specified analyses (Flesch-Kincaid Grade Level, Gunning Fog Index, Dale-Chall Readability Score). Table6 provides evidence on the fact that Dogecoin possesses a notably lower score in Flesch Reading Ease compared to the other cryptocurrencies, which suggests that the communication pertaining to Dogecoin might present hurdles in accessibility and comprehension for the typical reader. Getting rid of such readability obstacles have the potential to amplify the effectiveness of communication, expand audience involvement, and cultivate heightened comprehension and acceptance of cryptocurrencies among varied stakeholders. This observation aligns with Fig. 577, where we notice a pronounced level of complexity in comprehending tweets related to Dogecoin. To gain a better understanding of the varied readability levels, its essential to consider both Fig.578,79 and Table6. When examining the Flesch-Kincaid Grade Level and Dale-Chall Readability in Table6, Dogecoin emerges with higher values compared to the other cryptocurrencies, signifying an average grade level and a college reading level, respectively. Furthermore, an examination of the results pertaining to the Gunning Fog Index, as depicted in Table6 and Fig.6, reveals that Ethereum stands out with a higher score. This observation implies that understanding tweets related to Ethereum requires a reading comprehension level equivalent to a college education.
Flesch reading ease score.
Dale-Chall Readability Score, Gunning Fog Index, Flesch-Kincaid Grade Level.
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Psycholinguistic and emotion analysis of cryptocurrency discourse on X platform | Scientific Reports - Nature.com