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ChatGPT Has Given This Surprising Bitcoin Price Prediction for 2023 – Finbold – Finance in Bold

September 19, 2023 | Author: admin

Press Releases are sponsored content and not a part of Finbold's editorial content. For a full disclaimer, please . If you encounter any issues, kindly report them to [emailprotected].

ChatGPT, the viral AI-powered chatbot created by OpenAI, has recently been making waves in the crypto market due to its objective analysis of trending tokens.

In a recent exchange, ChatGPT offered its forecast for where Bitcoins price could head by the end of 2023, providing some much-needed insight for investors.

The AI model also provided a price prediction for the new Bitcoin BSC (BTCBSC) project, which has surpassed the $3m milestone in its ongoing presale phase.

After a rough couple of months for the broader crypto market, Bitcoin appears to have found a bottom at the $25,000 level.

Bitcoin fell below $30,000 in mid-July, but strong buying interest has resumed around the nearby support zone.

This interest has allowed Bitcoin to rebound above $26,000 over the past week, with daily trading volume rising by 87%.

Bitcoins bounce comes amid an uptick in momentum throughout the entire crypto market, leading the Crypto Fear & Greed Index to rise to 46 a significant increase from its value last month.

However, theres still a high degree of investor uncertainty as the SEC considers the approval of several spot BTC ETF applications.

Asset managers like BlackRock have filed for spot BTC ETFs, which could open the floodgates to billions in institutional capital if accepted.

Ultimately, while still in a longer-term downtrend, theres now cautious optimism among BTC investors for the first time in several weeks.

When asked for its outlook on Bitcoins price by the end of 2023, ChatGPT highlighted several bullish factors that could push BTC higher.

The AI model noted that Bitcoins recent rebound from $25,000 and the prospect of the SEC approving spot BTC ETFs suggest upside potential in the coming months.

Due to this, ChatGPT gave an optimistic prediction of $30,000 to $40,000 for Bitcoin by the end of December.

ChatGPT stated that if the ETF filings are accepted, triggering substantial institutional investment, Bitcoin could even surge well above $40,000.

However, ChatGPT did note that its prediction was based on the assumption that favorable market conditions will continue over the next few months.

Nonetheless, this optimistic forecast will be music to the ears of BTC holders, who have seen the coins price dwindle since Julys intra-year high.

Interestingly, its not just Bitcoin that ChatGPT has shown optimism about.

The AI model has also highlighted the new cryptocurrency, Bitcoin BSC, as a token that could rise significantly before the end of the year.

Bitcoin BSC (BTCBSC) is a BEP-20 token hosted on the Binance Smart Chain that aims to simulate Bitcoins early days while offering passive income opportunities for token holders.

Currently, BTCBSC tokens are available to buy through a limited-time presale, priced at just $0.99 the same price that Bitcoin was back in 2011.

By using this low price point, Bitcoin BSCs team seeks to provide an opportunity for speculative investors to acquire a Bitcoin-style asset at a fraction of the cost in the hope of reliving the colossal price rise that BTC experienced previously.

Aside from speculative potential, BTCBSC also incorporates a high-yield staking protocol whereby investors can pledge their tokens and earn yields of 172% per year.

Moreover, since Bitcoin BSC relies on Proof-of-Stake (PoS) rather than energy-intensive mining, it aligns with the growing trend toward greener crypto solutions.

The projects presale has now raised over $3 million and is trending toward hitting its soft cap goal in the coming days.

Due to the strong hype and momentum around BTCBSC, ChatGPT has speculated that the token could see significant gains once it makes its DEX debut.

Ultimately, ChatGPT suggested that BTCBSC could potentially trade between $2 and $10 post-listing meaning early backers would see a 10x return if the price reaches the higher end of this range.

Although entirely hypothetical, this optimistic ChatGPT forecast further solidifies Bitcoin BSCs potential in the eyes of many investors.

Visit Bitcoin BSC Presale

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Seizing Opportunities in the Crypto Market Gambit enters the DEX … – Digital Journal

September 19, 2023 | Author: admin

PRESS RELEASE

Published September 18, 2023

As the cryptocurrency space continues to expand, DeFi is gradually extending its influence beyond the realm of cryptocurrencies, impacting the real world. Traditional capital markets are also making strides toward blockchain integration. The cryptocurrency derivatives market has grown into a trillion-dollar industry, with institutional capital inflow into cryptocurrency derivatives on the rise. Real-world assets (RWA) offer a diverse off-chain debt market, providing a unique opportunity for DeFi investors struggling with low yields, while also allowing traditional finance institutions to tokenize and issue debt/assets.

Major traditional institutions are actively participating, such as Goldman Sachs and the Monetary Authority of Singapore, with over 50 RWA projects already underway. The options market is poised to grow tenfold. DEXes are gaining prominence, boasting features like permissionless and censorship resistance, drawing more and more investors away from centralized exchanges. In the future, DEXes will need upgrades, provide optimal prices, attract users, and venture into traditional assets.

The Gambit team has recognized this opportunity, keeping pace with the times by creating a unique infrastructure. Built upon decentralized cross-chain technology, GambitDEX supports the trading of RWA assets, offering cryptocurrency investors richer trading options and profit opportunities. GambitDEX is based on decentralized cross-chain technology, compatible with various cross-chain technologies and standards, breaking down barriers in the financial trading world and opening countless doors for asset flow.

In terms of functionality upgrades, GambitDEX has already been deployed on the opBNB testnet. opBNB is an L2 testnet launched by Binance Smart Chain (BNBChain) in June 2023, offering an EVM-compatible L2 scalability solution based on the Optimism OP Stack. With the formidable technical backing of Binance, GambitDEX's future development is set to be well-supported and technologically robust.

GambitDEX ensures price stability by utilizing multiple aggregators, while also raising on-chain transaction transparency and traceability to the highest level. Every user's transaction is recorded on the blockchain and executed by smart contracts, without third-party intervention, providing enhanced security and fairness.

GambitDEX not only supports perpetual contract trading for mainstream cryptocurrencies but also focuses on RWA asset trading, with plans to expand into other areas such as gold, forex, and U.S. bonds. Meanwhile, GambitDEX's user experience closely resembles that of centralized exchanges, making it more user-friendly.

With the financial industry in transformation and the rise of DeFi, GambitDEX presents a compelling opportunity for cryptocurrency enthusiasts and traditional investors alike. Their unique infrastructure and development strategy position them as formidable competitors in the DEX space, and people will closely follow the development of the Gambit team.

Media ContactCompany Name: GambitContact Person: NikoEmail: Send EmailCity: DubaiCountry: United Arab EmiratesWebsite: http://www.gambit.io

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Astar Announces Ethereum L2 but is Not Ditching Polkadot – BSC NEWS

September 19, 2023 | Author: admin

Tether (USDT) maintains the worlds biggest stable coin reserve, maintaining its position of being the third most valuable coin with over $66 Billion in market capitalization.

Tether (USDT) maintains the worlds biggest stablecoin reserve, maintaining its position of being the third most valuable coin according to CoinMarketCap (CMC), with over $66 Billion in market capitalization, at time of writing. Tether remains the largest stable coin despite its many controversies, which revolve around the collateral used to back USDT. Overall, Tether is number one in its class, standing out from all other stable coins; the next competing stablecoin, Circle and Coinbases USDC lags in 10th place according to CMC.

Tether is the most widely adopted coin in circulation. USDT was the first-ever stablecoin introduced to the market. It is designed to peg its issued coin 1-to-1 with the Dollar. Tether was one of the first stablecoins issued in several blockchains, available on the Tron, ETH, Omni, EOS, Algorand, Solana, and the Binance Smart Chain (BSC) networks. It has received mass adoption as the reserve currency for most traders as it doesnt fluctuate like typical crypto coins.

Tether enforces its peg through collateralizing every Tether minted; for every issued USDT, there is a reserve in the bank backing it. It was first released in 2014 under its first name, Realcoin by Bitcoin investor Brock Pierce, entrepreneur Reeve Collins, and software developer Craig Sellers. Since then, it has developed into the project we know today.

For many traders, stablecoins like USDT serve as a hedge during market corrections. It serves as a lifeboat type that allows investors to rotate into a Fiat pegged coin without cashing out into real-world Fiat. This strategy has proven useful, especially since Fiat still dominates other currency types like crypto in most countries economies. The stablecoin utility is still very much tied to its stability as opposed to traditional crypto assets. Overall, Tether allows users to exchange in stablecoins seamlessly, with no worries about fiat-crypto onramps.

In the original Tether Whitepaper abstract, the developers explained the coins accountability measure: To maintain accountability and to ensure stability in exchange price, we propose a method to maintain a 1-to-1 reserve ratio between a cryptocurrency token, called tethers, and its associated realworld asset, fiat currency. This method uses the Bitcoin blockchain, Proof of Reserves, and other audit methods to prove that issued tokens are fully backed and reserved at all times.

Although the first blockchain used was the Bitcoin Omni blockchain, Tether has been deployed on other chains, with Ethereum becoming its most extensive network and largest by volume. The growth can be attributed to the Decentralized Finance (DeFi) boom experienced on the ETH network. Originally, USDT was pegged 1:1 to USD but later included collateral as other real-world cash equivalents, assets, and receivable loans.

Before its launch in July 2014 and its first use on cryptocurrency exchange Bitfinex in February of 2015, traders did not have a means or a hedge to protect their crypto assets against the volatility experienced in traditional crypto assets. The introduction of stablecoins increased the adoption of cryptocurrencies as traders now have the confidence of hedging and realizing profits to a pegged stablecoin. By providing stability, traders can hold an asset equivalent to a real-world fiat currency, allowing seamless crypto trading.

Tethers most prominent use cases are its reserve tendencies, cross-chain interoperability, with a growing list of different blockchain types accepting and integrating the stablecoins. In the case of a sharp fall of the market, Tether and other stablecoins act as a safety net guiding against loss.

Tethers weakness remains its ability to constantly find itself in various controversies with each new phase of crypto market growth, one that continually creates doubt in users' minds about its alleged pegged real-world fiat holdings.

For example, in 2018, $100 million USDT was stolen from Bitfinex, the parent company and exchange of the stablecoin and the largest holder of the coin, and was sent to an unidentified address.

In April 2019, New York Attorney General Letitia James accused the company of hiding an $850 million loss of a co-mingled client and corporate funds from investors. Court filings would later find out that these funds were given to a Panamanian entity called Crypto Capital Corp. without a formal contract or agreement to handle withdrawal requests. Bitfinex allegedly took a minimum of $700 million from Tethers treasury reserves to cover the loss once the money went missing.

And in 2021, the rumors and speculations about its legitimacy and reserve arent going away. The community is afraid of a bubble getting burst for the most significant stablecoin in todays market. Tether has seen its market share diminished by USDC as many investors see USDT as increasingly a lynchpin in a potential market crash scenario. Without full regulation or transparency of the coins backing, investors have slowly become antagonistic to the once all-powerful stablecoin.

Tether as a stablecoin in the market still retains its relevance despite the many controversies and concerns over legitimacy. However, the team still needs to raise the confidence level of traders and investors, who often, over time, have called for more transparency and external audits of the firm.

Overall, Tether plays an integral role in the cryptocurrency space, receiving mass adoption for nearly all crypto users. The increasingly large amount of decentralized application is only perpetuating USDTs use case as we see an influx of tether being minted daily. As the bull market continues, we can expect to see the trend of more users onboarding using this stablecoin, among others.

Dont forget to download the BSC News mobile application on iOS and Android to keep up with all the latest news for Binance Smart Chain and crypto! Check out the DeFi Direct Linktree for all the access links!

For those looking for tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, Cryptonomics Explainers, and Trading Tool Kits from BSC News.

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This Altcoin Is More In Demand Than Ethereum Among High Net … – Finbold – Finance in Bold

September 19, 2023 | Author: admin

Press Releases are sponsored content and not a part of Finbold's editorial content. For a full disclaimer, please . If you encounter any issues, kindly report them to [emailprotected].

With Ethereums price struggling to hold $1,600, whales and other savvy investors are placing bets on Ethereum alternatives displaying more upside potential.

A recent Digital Asset Fund Flows report found that Solana was the only smart contract blockchain to receive capital inflows while value drained from Ethereum and other rival ecosystems.

Despite a rocky couple of years, it may be reasonable to predict that Solana is setting up for a bullish trajectory and significant gains. This is because while its price is down 24.86% in the last month and 46% in the last year, it continues to rack up fundamental accolades.

The news from Digital Asset Fund Flows is only part of it. For instance, MetaMask has recently launched support for Solana, presenting many new potential users to the blockchain.

A new Bitcoin alternative, Bitcoin BSC, is also highly in demand, having raised over $1.6 million in its presale in just over one week. The project aims to be Bitcoin on the Binance Smart Chain. It provides numerous advantages over the worlds leading crypto while offering investors the chance to buy at Bitcoins 2011 price of $0.99.

Moreover, since Solana holds a multi-billion dollar market cap and its future remains uncertain, investing in a new trending low-cap coin could prove more lucrative.

In a recent press release, payments network Visa announced it will expand its stablecoin capabilities to Solana. This is an experimental move, part of Visas stablecoin pilot program. As such, there will be no immediate liquidity inflows to the Solana ecosystem, but it does open the door to significant long-term potential if the pilot scheme succeeds.

Despite this, Solanas number of daily active active users has dropped to its lowest since records began in 2021. Its daily active user count is below 200K for the first time, signaling that the ecosystem is losing relevance despite the recent bullish news and capital inflows.

Overall, Solanas future looks to hang by a thread. Bitcoin BSC is proving a better option, combining the scarcity-focused tokenomics of Bitcoin with the scalability and functionality of the Binance Smart Chain.

With over $1.5 million already raised in the presale, investors have a short time window remaining to secure their $BTCBSC for just $0.99.

Solana is trading 92.91% below its all-time high (ATH). This would equate to massive gains if it recovers that price. Still, SOL is facing an uphill battle, with its community seemingly losing interest and increasing regulatory pressure after the SEC named it a security.

Comparatively, the new Bitcoin BSC is free from such issues, and interest is quickly ramping up as the presale progresses. Furthermore, Bitcoin BSC likely still has its ATH and best days ahead, with some analysts calling for 10x returns after it launches on exchanges.

Bitcoin BSC offers the fastest transactions of all Bitcoin clones and the easiest way to earn rewards through its Stake-to-Earn mechanism (currently offering over 350% APY). Despite this, Bitcoin BSC will have a surprisingly low fully-diluted market cap at launch of under $21 million.

With that in mind, Bitcoin BSC looks like one of the most promising cryptos, but investors looking to buy the presale should act quickly to avoid missing out.

Visit the Bitcoin BSC Presale

Tip: Another new project showing high potential is yPredict, an all-in-one AI ecosystem that has enjoyed bullish forecasts and predictions from countless top crypto analysts. For example, Youtuber Michael Wrubel, who boasts 300K subscribers, recently published a video stating he is massively optimistic about yPredicts future and has recently invested in it.

yPredict combines the capability of AI with the security, decentralization, and user-owned properties of cryptocurrency. It aims to create a fair and transparent platform from which all users can benefit. The project will offer numerous AI-powered tools, enabling users to make better trading cryptocurrencies decisions.

Furthermore, there are multiple ways for users to earn. The platform has a staking mechanism, offering up to 45% quarterly rewards to stakers derived from platform fees. Also, AI and machine learning engineers can generate recurring revenue by renting out their predictive models on the yPredict marketplace.

Through a range of trading tools like sentiment analysis and chart pattern recognition, yPredict harnesses the power of AI to level the playing field between retail and institutional investors. As such, the project already boasts 20,000 users on its waitlist and has raised $3.8 million in its presale.

The platforms native token, $YPRED, is used for staking, paying for services, and giving holders a say on the projects future. Moreover, holders can vote on which predictive models are listed within the yPredict marketplace. This ensures the platform maintains a high standard, listing only the highest-quality AI models on its website.

While the presale has begun exploding recently, investors still have a chance to buy $YPRED before it goes live on exchanges. However, they must hurry, as the presale price will rise 11% when it hits $4.5 million.

Visit yPredict Presale

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BNB VS BUSD Whats The Difference? – Tekedia

September 19, 2023 | Author: admin

There are now two cryptocurrencies available on Binance: Binance Coin (BNB) and Binance USD (BUSD).

Given that each has unique qualities, it begs the issue of why both are seen as essential components of the Binance ecosystem.

What are the differences between BNB and BUSD, and can they be used interchangeably?

Despite the fact that Binance founded both, their goals are very different. In addition to facilitating transactions (including the conversion of BUSD to BNB) and providing trading fee incentives on the platform, BNB serves as the utility token for the Binance Exchange and Binance Smart Chain. The BUSD cryptocurrency, on the other hand, is categorized as a stablecoin with a value that is closely tied to the US dollar and is intended for usage in the cryptocurrency market.

The differences between these two cryptocurrencies are clarified by the thorough comparison that follows:

Use Cases

Binance Coin was initially only used to get rebates on trading commissions. Reducing fees by using BNB was a benefit that persisted at a 25% discount until 2022, after which it would gradually drop from 25% to 6.75% during the succeeding years. BNBs utility was expanded with the launch of the Binance Smart Chain, which later served as the engine for the whole Binance ecosystem. Pancakeswap became as one of the most well-known initiatives thanks to its expansion, which enabled a number of other projects. BNB also acts as an authorization mechanism for transactions on the Binance Smart Chain.

The BUSD Stablecoin

BUSD, on the other hand, performs as a stablecoin since its value is inextricably linked to the US dollar. As a result, 1 BUSD seeks to precisely equal 1 USD. BUSD has a higher percentage of cash and cash equivalents, making up 96% of its reserves, compared to other stablecoins like USDT, which only have 2.9% of their reserves in cash. The redemption of 1 BUSD should theoretically result in the payment of 1 USD because the value of BUSD is directly supported by the US dollar. Its crucial to remember that BUSD abides by strict rules and complies with the requirements of the New York State Department of Financial Services (NYDFS). BUSD has the ability to spark interest while being mostly utilized as a trading pair with other cryptocurrencies.

Corporate Support for BNB and BUSD

Binance Exchange introduced BNB as its utility token back in 2017. In contrast, Binance developed BUSD in partnership with Paxos, a financial services company based in New York. All of the US currency backing the BUSD reserves is pledged as security. Its important to note that the establishment of BUSD came two years after that of BNB.

Stability of Value

BUSD experiences significantly fewer price volatility than BNB because it is a stablecoin. Due to Binances practice of buying and burning BNB tokens, which effectively reduces their supply and creates the possibility of price fluctuations, BNBs value is more volatile. BNB is therefore the more uncertain token to possess. However, keeping BNB for a long time may result in appreciation for individuals who have faith in the Binance ecosystem.

Existing Trading Pairings

Trading any cryptocurrency on Changehero.io is feasible using either BNB or BUSD, making it possible to convert BTC to BNB or other cryptocurrencies. BNB and BUSD are widely accepted on the site for buying a wide range of cryptocurrencies because Binance developed both of them. The price of BNBs trading pairs can be more volatile, which could affect how much Bitcoin one buys; in contrast, the price of BUSDs trading pairings tends to be more stable.

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Heres why Bitcoin Cash has pumped 10% in a week, as Bitcoin BSC hits $3 million – FXStreet

September 19, 2023 | Author: admin

The crypto market is on the move again this week, with major coins like Bitcoin Cash (BCH) surging over 10% in the last seven days.

This surge has pushed BCH back above the vital $200 level, which has previously acted as a powerful psychological barrier for investors.

Another project benefiting from renewed crypto investment activity is Bitcoin BSC (BTCBSC), which just hit $3 million raised in its ongoing presale event.

Bitcoin Cash is a crypto project created back in 2017 as a result of a hard fork from the original Bitcoin.

This hard fork was initiated after a group of Bitcoin users split off, wanting to increase the block size to allow more transactions to be processed in each block thereby reducing fees.

Since its creation, Bitcoin Cash has undergone several further forks, leading to the creation of new cryptos like Bitcoin SV and Bitcoin ABC.

However, Bitcoin Cash remains one of the more recognized and widely-used descendants of Bitcoin, boasting a market cap of $4.2 billion.

This makes BCH the 18th largest cryptocurrency globally at the time of writing, ahead of crypto market stalwarts like Chainlink and Stellar.

According to Blockchair.com, over 25.6 million wallet addresses are associated with Bitcoin Cash, while the network regularly handles more than 50,000 transactions per day.

Unfortunately for BCH holders, the projects scale hasnt translated into consistent price appreciation, as the coin has faced significant volatility in the past two months.

However, things could be about to change, with BCHs price surging 10% in the past week.

At the time of writing, BCH is hovering around the $219 level and has risen above the 20-day and 50-day Exponential Moving Averages (EMAs) on the daily price chart.

Bitcoin Cashs price rise hasnt been brought about by one specific catalyst instead, the coins value has benefited from Bitcoins recent reversal.

Given their historical correlation and the fact that both cryptos share a common origin, when BTC sees positive momentum, Bitcoin Cash often follows suit.

This scenario appears to be playing out in the market right now, with Bitcoins price up over 8% in the past week, leading to a boost in demand for BCH.

BCH is still over 30% below June's intra-year high, although momentum is on its side, suggesting that a continued push could be on the cards.

The next significant challenge for BCH lies at the $225 level, which has acted as resistance in the past.

Breaching this level would be a bullish sign for BCH, potentially providing a pathway for the coin to return to $250, where it traded in late July.

With CoinGecko reporting that more than 76% of users are feeling good about Bitcoin Cash today, its evident that investor sentiment is shifting priming it for an eventful few weeks ahead.

As the broader crypto market begins to show signs of a rebound, one project thats benefiting is Bitcoin BSC (BTCBSC).

This innovative crypto combines the sentimentality of Bitcoin with the efficiencies offered by the Binance Smart Chain thereby offering investors a unique blend of features that hasnt been seen before.

After launching its presale just under three weeks ago, Bitcoin BSC has already raised over $3 million in funding.

This milestone highlights the hype building around the project, evidenced by the official X account exceeding 7,000 followers.

Well-known crypto influencers have also been showing an interest in Bitcoin BSC, recognizing its solid tokenomics and appealing branding.

Prominent YouTuber No Bs Crypto recently uploaded a video breakdown of Bitcoin BSC, speculating that it could be "the next Bitcoin."

No Bs Crypto also highlighted Bitcoin BSCs built-in staking protocol, which allows BTCBSC holders to earn yields of 174% per year.

Looking ahead, Bitcoin BSCs team plans to launch BTCBSC on a major decentralized exchange (DEX) in Q4 2023, with 2% of the total token supply reserved for locked liquidity.

With so much activity around Bitcoin BSC already, its listing later this year is poised to be a sizable event, potentially leading to substantial price appreciation for early investors.

Visit Bitcoin BSC Presale

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10 Memecoins You Should Invest in for September 2023 – Analytics Insight

September 19, 2023 | Author: admin

In the ever-evolving world of cryptocurrency, meme coins have carved out a unique niche. Often created as a humorous or satirical take on cryptocurrencies, these coins have garnered significant attention and even substantial gains for some investors. While meme coins are typically associated with unpredictability and speculative nature, they can also present exciting opportunities for those willing to take a risk. In this article, well explore the top 10 meme-coins to keep an eye on in September 2023.

DogeCoin, often referred to as the original memecoin, remains one of the most recognizable names in the cryptocurrency world. It started as a joke but has since gained a massive following. Elon Musks tweets and endorsements have significantly influenced its price. In September 2023, DogeCoin remains a solid choice for memecoin enthusiasts due to its established reputation and ongoing community support.

Shiba Inu, often dubbed DogeCoin Killer, has been making waves in the memecoin space. SHIB gained immense popularity in 2021 and has continued to attract attention in 2023. Its ecosystem includes tokens like Leash and Bone, adding complexity to the project. As SHIB develops further, its worth keeping an eye on its potential for gains.

SafeMoon is another prominent player in the memecoin universe. It introduced innovative tokenomics, which includes a 10% transaction fee that rewards holders and penalizes sellers. This mechanism has drawn investors seeking long-term gains. However, potential investors should research thoroughly, as SafeMoon has faced controversy and skepticism in the past.

Named after Elon Musks dog, Floki Inu has emerged as a memecoin with a sense of humor. It gained attention for its mascot and viral marketing. While its tokenomics are somewhat complex, its community is passionate, making it an intriguing choice for memecoin enthusiasts.

Saitama Inu takes inspiration from both Shiba Inu and SafeMoon. It implements a 2% transaction fee that rewards holders, similar to SafeMoon, and seeks to disrupt the memecoin space. While relatively new, Saitama Inu has garnered interest and may offer opportunities for growth.

Baby DogeCoin is often seen as an offshoot of DogeCoin, designed with the intention of being the DogeCoin of the next generation. It has a solid social media presence and an active community. With its focus on charity and token burn, Baby DogeCoin is another meme coin to consider.

Pig Finance brings a unique twist to the memecoin scene with its porcine-inspired theme. This coin uses a deflationary model with a 2% transaction fee that rewards holders. Pig Finance has been gaining traction in 2023, and its unusual theme might appeal to those looking for something different.

ShibArmy, as the name suggests, is an army of Shiba Inu enthusiasts. This community-driven project aims to enhance the utility and features of SHIB. While its still in its early stages, the passion of its community and the potential for SHIBARMY to make waves in the memecoin space make it one to watch.

Kishu Inu follows in the footsteps of Shiba Inu and DogeCoin with its cute canine-themed branding. It has a growing community and unique tokenomics, making it a contender in the memecoin space. Kishu Inus plans for NFTs and gaming partnerships add an exciting dimension to its potential.

DogeLon Mars combines the appeal of DogeCoin with the excitement of space exploration. It aims to create a decentralized exchange on the Binance Smart Chain while also contributing to charity. The projects vision and theme make it a standout memecoin worth monitoring.

Memecoins have proven to be more than just internet jokes; they have become a legitimate part of the cryptocurrency landscape. While investing in meme coins can be highly speculative and carries inherent risks, some of these tokens have provided substantial gains to early adopters. When exploring meme coins like DogeCoin, Shiba Inu, SafeMoon, Floki Inu, Saitama Inu, Baby DogeCoin, Pig Finance, ShibArmy, Kishu Inu, and DogeLon Mars in September 2023, its crucial to conduct thorough research, stay updated with news and trends, and consider your risk tolerance.

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This traders Bitcoin price prediction sees BTC hit a new ATH before 2024 halving, while BTC BSC token nears $3 million – FXStreet

September 19, 2023 | Author: admin

Bitcoin (BTC) has seen tremendous volatility in 2023, rising sharply in June before falling 16% in the following weeks.

As the next halving approaches in 2024, one trader predicts that the world's largest cryptocurrency could reach a new all-time high before the event occurs.

With new altcoins like Bitcoin BSC (BTCBSC) also gaining momentum, the crypto market appears primed for an exciting few months ahead.

Bitcoin has begun picking up momentum in recent weeks, rebounding from the support level located at $25,000.

Since that rebound six days ago, BTC's value has risen nearly 6%, erasing most of the losses sustained in the ten days prior.

Now, Bitcoin is hovering around $26,710, having posted its first bullish weekly close since early August.

Price has climbed above the 20-day Exponential Moving Average (EMA) on the daily chart and appears to be heading for a test of the 50-day EMA in the coming days.

Additionally, the Crypto Fear & Greed Index has ascended to 46 significantly higher than its value last month.

These indicators suggest that investor sentiment regarding Bitcoin is turning positive once more.

If BTC can break above the 50-day EMA convincingly, it could pave the way for further upside in the near term.

According to prominent crypto analyst BitQuant, Bitcoin could be poised to reach a new all-time high before its next halving event in April 2024.

In a recent post on X, BitQuant stated that BTC will likely surpass its current record high of nearly $69,00rel="nofollow" 0 sometime in the next six months.

However, BitQuant believes that Bitcoin will not stop at this pre-halving peak instead, he predicts BTC will continue rallying after the halving and hit the $250,000 level later in 2024.

BitQuants bullish outlook aligns with historical price trends surrounding Bitcoin halving events.

The supply shock typically causes FOMO among investors, prompting increased demand (and price).

With the block reward set to be cut in half in just over six months, many investors (including BitQuant) believe scarcity could drive BTC well above its previous all-time high.

With Bitcoin gaining momentum, the stage may be set for a broader crypto market rally in the months ahead.

This presents an opportunity for investors to get in early on promising new projects with Bitcoin BSC emerging as one of the most notable contenders in the space.

Built as a BEP-20 token on the Binance Smart Chain, Bitcoin BSC (BTCBSC) aims to simulate Bitcoins original block rewards and distribution schedule.

However, instead of using energy-intensive mining, Bitcoin BSC uses a sustainable staking model to reward holders with BTCBSC tokens.

According to Bitcoin BSCs staking dashboard, over 1.3 million BTCBSC tokens have been staked already, with holders able to obtain estimated yields of 192% per year.

Bitcoin BSC's presale has already raised over $2.7 million towards its $3.96 million soft cap goal as hype begins to build around this innovative token.

The token has been featured in Cointelegraph, Yahoo Finance, and other major crypto news outlets signifying its growing recognition and potential.

With presale tokens priced at just $0.99, matching Bitcoins price in 2011, Bitcoin BSC looks to offer substantial upside potential if it sees even a fraction of the growth experienced by BTC.

Unsurprisingly, this unique setup has caught the attention of the crypto influencer community, with Jacob Bury stating he believes it could have 10x potential.

As an ambitious new project on the Binance Smart Chain, Bitcoin BSC checks all the boxes for crypto investors seeking exposure to a token with significant growth potential positioning it as one to watch in the remaining months of 2023.

Visit the Bitcoin BSC Presale

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This traders Bitcoin price prediction sees BTC hit a new ATH before 2024 halving, while BTC BSC token nears $3 million - FXStreet

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Pi Network Announces StreamVault as July Hackathon Winner – BSC NEWS

September 19, 2023 | Author: admin

Tether (USDT) maintains the worlds biggest stable coin reserve, maintaining its position of being the third most valuable coin with over $66 Billion in market capitalization.

Tether (USDT) maintains the worlds biggest stablecoin reserve, maintaining its position of being the third most valuable coin according to CoinMarketCap (CMC), with over $66 Billion in market capitalization, at time of writing. Tether remains the largest stable coin despite its many controversies, which revolve around the collateral used to back USDT. Overall, Tether is number one in its class, standing out from all other stable coins; the next competing stablecoin, Circle and Coinbases USDC lags in 10th place according to CMC.

Tether is the most widely adopted coin in circulation. USDT was the first-ever stablecoin introduced to the market. It is designed to peg its issued coin 1-to-1 with the Dollar. Tether was one of the first stablecoins issued in several blockchains, available on the Tron, ETH, Omni, EOS, Algorand, Solana, and the Binance Smart Chain (BSC) networks. It has received mass adoption as the reserve currency for most traders as it doesnt fluctuate like typical crypto coins.

Tether enforces its peg through collateralizing every Tether minted; for every issued USDT, there is a reserve in the bank backing it. It was first released in 2014 under its first name, Realcoin by Bitcoin investor Brock Pierce, entrepreneur Reeve Collins, and software developer Craig Sellers. Since then, it has developed into the project we know today.

For many traders, stablecoins like USDT serve as a hedge during market corrections. It serves as a lifeboat type that allows investors to rotate into a Fiat pegged coin without cashing out into real-world Fiat. This strategy has proven useful, especially since Fiat still dominates other currency types like crypto in most countries economies. The stablecoin utility is still very much tied to its stability as opposed to traditional crypto assets. Overall, Tether allows users to exchange in stablecoins seamlessly, with no worries about fiat-crypto onramps.

In the original Tether Whitepaper abstract, the developers explained the coins accountability measure: To maintain accountability and to ensure stability in exchange price, we propose a method to maintain a 1-to-1 reserve ratio between a cryptocurrency token, called tethers, and its associated realworld asset, fiat currency. This method uses the Bitcoin blockchain, Proof of Reserves, and other audit methods to prove that issued tokens are fully backed and reserved at all times.

Although the first blockchain used was the Bitcoin Omni blockchain, Tether has been deployed on other chains, with Ethereum becoming its most extensive network and largest by volume. The growth can be attributed to the Decentralized Finance (DeFi) boom experienced on the ETH network. Originally, USDT was pegged 1:1 to USD but later included collateral as other real-world cash equivalents, assets, and receivable loans.

Before its launch in July 2014 and its first use on cryptocurrency exchange Bitfinex in February of 2015, traders did not have a means or a hedge to protect their crypto assets against the volatility experienced in traditional crypto assets. The introduction of stablecoins increased the adoption of cryptocurrencies as traders now have the confidence of hedging and realizing profits to a pegged stablecoin. By providing stability, traders can hold an asset equivalent to a real-world fiat currency, allowing seamless crypto trading.

Tethers most prominent use cases are its reserve tendencies, cross-chain interoperability, with a growing list of different blockchain types accepting and integrating the stablecoins. In the case of a sharp fall of the market, Tether and other stablecoins act as a safety net guiding against loss.

Tethers weakness remains its ability to constantly find itself in various controversies with each new phase of crypto market growth, one that continually creates doubt in users' minds about its alleged pegged real-world fiat holdings.

For example, in 2018, $100 million USDT was stolen from Bitfinex, the parent company and exchange of the stablecoin and the largest holder of the coin, and was sent to an unidentified address.

In April 2019, New York Attorney General Letitia James accused the company of hiding an $850 million loss of a co-mingled client and corporate funds from investors. Court filings would later find out that these funds were given to a Panamanian entity called Crypto Capital Corp. without a formal contract or agreement to handle withdrawal requests. Bitfinex allegedly took a minimum of $700 million from Tethers treasury reserves to cover the loss once the money went missing.

And in 2021, the rumors and speculations about its legitimacy and reserve arent going away. The community is afraid of a bubble getting burst for the most significant stablecoin in todays market. Tether has seen its market share diminished by USDC as many investors see USDT as increasingly a lynchpin in a potential market crash scenario. Without full regulation or transparency of the coins backing, investors have slowly become antagonistic to the once all-powerful stablecoin.

Tether as a stablecoin in the market still retains its relevance despite the many controversies and concerns over legitimacy. However, the team still needs to raise the confidence level of traders and investors, who often, over time, have called for more transparency and external audits of the firm.

Overall, Tether plays an integral role in the cryptocurrency space, receiving mass adoption for nearly all crypto users. The increasingly large amount of decentralized application is only perpetuating USDTs use case as we see an influx of tether being minted daily. As the bull market continues, we can expect to see the trend of more users onboarding using this stablecoin, among others.

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VeChain, Transforming Supply Chains with Smart Contracts – CryptoCoin.News

September 19, 2023 | Author: admin

VeChain is a smart contract-compatible blockchain that is specifically designed to enhance the supply chain. The platform aims to accelerate the mass adoption of blockchain technology by offering a robust and efficient solution for businesses of all sizes. With its innovative features and strong partnerships, VeChain is positioning itself as a leading player in the blockchain industry.

The VeChainThor blockchain is the foundation of the VeChain ecosystem. It is designed to be highly scalable and capable of handling a large number of transactions. The blockchain utilizes meta-transaction features, which make development user-friendly and allow businesses to easily integrate VeChain into their existing systems.

One of the key features of the VeChainThor blockchain is its efficient consensus method. It uses a proof-of-authority (PoA) consensus algorithm, which ensures fast and reliable transaction validation. This consensus method is particularly useful for supply chain applications, where speed and efficiency are crucial.

The VeChainThor blockchain also incorporates an on-chain governance mechanism that allows stakeholders to participate in the decision-making process. This ensures that the platform is governed in a decentralized and transparent manner, with the interests of the community in mind.

VeChain operates with two native tokens: VET and VTHO. VET, also known as VeChain Token, is the primary token used for transactions and as a store of value. VTHO, on the other hand, is the energy token that powers the execution of smart contracts and transactions on the VeChainThor blockchain.

VET holders are rewarded with VTHO tokens, which are generated based on the amount of VET they hold. This unique token ecosystem incentivizes the holding and use of VET, creating a self-sustaining economy within the VeChain ecosystem.

Both tokens play critical roles in the VeChain ecosystem, with VET serving as a medium of exchange and VTHO enabling the execution of transactions and smart contracts. This dual-token system ensures the smooth operation and sustainability of the VeChain platform.

VeChain utilizes a proof-of-authority (PoA) consensus algorithm for transaction validation and block production. This consensus algorithm is specifically designed for enterprise use cases, as it offers efficiency, scalability, and security.

In the VeChain PoA consensus algorithm, block producers, known as Authority Masternodes, are responsible for validating transactions and adding them to the blockchain. These Authority Masternodes are selected based on their reputation and stake in the ecosystem, ensuring a high level of trust and integrity in the network.

The role of Authority Masternodes is vital in maintaining the security and stability of the VeChain blockchain. They are responsible for verifying transactions, preventing double-spending, and keeping the network protected against malicious activities. Their expertise and reputation contribute to the overall reliability and efficiency of the VeChainThor blockchain.

VeChain ToolChain is a comprehensive suite of tools and services that enable businesses to leverage the power of blockchain technology. It offers platform-as-a-service (PaaS), software-as-a-service (SaaS), and blockchain-as-a-service (BaaS) offerings to create value for stakeholders.

The PaaS offerings provided by VeChain ToolChain allow businesses to build and deploy their own customized blockchain solutions. These solutions can range from supply chain management to product authentication and tracking. The flexibility and scalability of the VeChainThor blockchain make it an ideal platform for businesses looking to leverage blockchain technology.

In addition to PaaS offerings, VeChain ToolChain also provides SaaS offerings, which are pre-built blockchain applications tailored to specific industries. These ready-to-use applications can help businesses streamline their operations, improve transparency, and enhance trust among stakeholders.

Lastly, VeChain ToolChain offers BaaS solutions, allowing businesses to easily integrate blockchain technology into their existing systems. This removes the complexity and technical barriers associated with implementing blockchain solutions, making it accessible to a wide range of businesses.

VeChain was founded by Sunny Lu and Changpeng Zhao, two visionary leaders in the blockchain industry. Sunny Lu, the CEO of VeChain, brings extensive experience in supply chain management and blockchain technology. Changpeng Zhao, also known as CZ, is the co-founder of Binance, one of the largest cryptocurrency exchanges globally.

VeChain has also established strong partnerships with prominent companies across various industries. Microsoft, PwC, BMW, Renault, and Volkswagen are just a few of the notable partners that have recognized the potential of VeChain and have joined forces to drive innovation in their respective fields.

These strategic partnerships enable VeChain to expand its reach and adopt its technology on a larger scale. By collaborating with industry leaders, VeChain aims to revolutionize supply chain management and accelerate the adoption of blockchain technology across various sectors.

VeSea is a decentralized non-fungible token (NFT) marketplace built on the VeChainThor blockchain. It provides a platform for artists, collectors, and enthusiasts to trade, buy, and sell NFTs securely and transparently.

VeSea offers a wide range of features and functionalities to ensure a seamless and immersive experience for its users. It provides a user-friendly interface for browsing and discovering NFTs, as well as mechanisms for secure and transparent transactions. VeSea also incorporates social features, allowing users to connect, interact, and build communities around their shared interests in NFTs.

With the rise of NFTs as a popular form of digital asset ownership, VeSea aims to become a leading marketplace for NFT enthusiasts. By leveraging the VeChainThor blockchains scalability and security, VeSea provides a reliable platform for the creation and trading of NFTs.

VeChain faces competition from other blockchain platforms in the market. Some of its main competitors include Ethereum, Hyperledger, and Supply Chain Traceability solutions. Each platform has its strengths and weaknesses, and businesses need to carefully evaluate their specific requirements before choosing a blockchain solution.

Compared to Ethereum, VeChain offers superior scalability and transaction throughput, making it more suitable for enterprise use cases. VeChains focus on supply chain management and its robust tools and services also differentiate it from other platforms.

Hyperledger, on the other hand, is a permissioned blockchain platform that focuses on providing privacy and control to enterprises. While VeChain also offers these features, its focus on supply chain management and its partnerships with industry leaders give it a competitive edge.

Supply Chain Traceability solutions, such as IBMs Food Trust and Alibabas Ant Blockchain, are specialized platforms that cater specifically to supply chain management. While these solutions may offer certain advantages in terms of industry-specific features, VeChains versatility and comprehensive suite of tools make it a strong competitor.

VeChains ability to effectively compete with other blockchain platforms lies in its unique combination of features, partnerships, and focus on enhancing the supply chain. By providing a scalable, efficient, and user-friendly blockchain solution, VeChain is poised to revolutionize various industries and drive the mass adoption of blockchain technology.

As with any investment, there are considerations and potential risks associated with investing in VeChain. It is important for investors to carefully assess these risks and rewards before making any investment decisions.

One of the potential risks of investing in VeChain is the volatility of the cryptocurrency market. Cryptocurrency prices can be extremely volatile, and the value of VET, VeChains native token, can fluctuate significantly. Investors should carefully evaluate their risk tolerance and consider the potential impact of market volatility on their investment.

Another consideration is the regulatory landscape surrounding cryptocurrencies and blockchain technology. Regulations in different jurisdictions may impact the adoption and growth of VeChain. Investors should stay informed about regulatory developments and assess the potential impact on VeChains long-term prospects.

On the other hand, investing in VeChain presents potential rewards. The platform has demonstrated strong partnerships with leading companies, indicating widespread adoption and potential future growth. Its focus on enhancing the supply chain and its innovative tools and services position VeChain as a promising player in the blockchain industry.

Additionally, VeChains unique dual-token ecosystem, PoA consensus algorithm, and efficient transaction validation make it an attractive option for businesses looking to integrate blockchain technology into their operations. This demand for VeChains services could drive the value of VET and VTHO tokens.

VeChain is a prominent player in the blockchain industry, with its focus on enhancing the supply chain and accelerating the mass adoption of blockchain technology. The VeChainThor blockchain, with its efficient consensus algorithm and user-friendly development features, offers a scalable and robust solution for businesses of all sizes.

With its comprehensive suite of tools and services, VeChain ToolChain enables businesses to leverage blockchain technology and create value for stakeholders. The platforms partnerships with industry leaders and the establishment of the decentralized NFT marketplace, VeSea, further strengthen its position in the market.

While uncertainties exist in the investment landscape, VeChains unique features and strong partnerships position it for future growth and success. As the adoption of blockchain technology continues to increase, VeChains impact on the supply chain and its potential to revolutionize various industries are significant.

With its commitment to transparency, efficiency, and user-friendly development, VeChain is well-positioned to become a leading blockchain platform in the coming years. As the industry evolves and matures, the challenges and opportunities for VeChain will continue to shape its future prospects.

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