With the cryptocurrency market experiencing turbulence, both Polygon (MATIC) and Internet Computer (ICP) are seeing declining prices, causing concern among investors. In contrast, BlockDAG is gaining strong backing as the top crypto for 2024, celebrated by its recent showcase at London’s Piccadilly Circus following its CoinMarketCap listing. Amid these market shifts, BlockDAG stands out with a forecast to reach $30 by 2030, drawing significant attention from Internet Computer investors and those monitoring Polygon (MATIC) Price trends.

Internet Computer Investors Witness Market Challenges

Challenges with Polygon (MATIC) Price

BlockDAG: A Strong Contender for Top Crypto for 2024

The Final Take

• Tether CEO Paolo Ardoino called Ripple’s Brad Garlinghouse an “uninformed CEO.”
• Ripple’s CEO recently said that the US authorities are coming after USDT.
• Garlinghouse noted that he wasn’t attacking Tether.

Tether chief executive Paolo Ardoino recently took to social media platform X to highlight the statement on USDT given by Ripple CEO Brad Garlinghouse in an interview, calling him an “uninformed CEO.”

As reported earlier, Garlinghouse said in an interview that the US authorities are targeting USDT and seeking to crackdown on the stablecoin, while adding that he cannot predict the impact that this would have on the digital asset sector. 

Ardoino stated in a post on X that Garlinghouse is “spreading fear” about USDT and emphasizing that his firm seeks to roll out a competitive stablecoin. He also noted that USDT has “proved overtime to have strong price stability, highly liquid reserves, top tier custodians and profound compliance.”

Garlinghouse replied to the post by Ardoino, clarifying his statement, stating that Tether is indeed a very important part of the digital asset ecosystem, and noting:

“I wasn’t attacking Tether…the next words out of my mouth during the podcast were that I view Tether as a hugely important part of the ecosystem”

The Ripple executive claimed that his “point was that the US govt has clearly indicated they want more control over USD-backed stablecoin issuers, and thus, Tether, as the largest player, is in their line of sight.”

On the other hand, Tether has been planning expansion beyond the stablecoin business, recently announcing four new divisions.

• Smart money withdraws $4.26M PEPE as investor interest spikes.
• PEPE nears critical resistance at $0.00001101 on a bullish trend.
• Technical indicators show strong short-term bullish momentum.

Pepe Coin (PEPE) has experienced an impressive ascendancy, soaring by over 26.20% in the past week, eclipsing all prominent meme coins in terms of gains over the last fortnight. As of press time, PEPE is valued at $0.00001035, reflecting a 23.73% increase from its price the previous day. This remarkable performance has crowned PEPE as the top meme coin for this period.

PEPE/USD 24-Hour Chart (Source: CoinStats)

Comparing Pepe Coin to Bitcoin, PEPE has seen an uptick of 18.06% within the same time frame. This performance has positioned PEPE as the 23rd largest cryptocurrency by market cap. As a result, in the last 24 hours, PEPE’s market cap increased by 23.83% to reach $4,357,670,903.

Concurrent with this price escalation, Pepe Coin has witnessed a remarkable surge in trading volume. Over the past 24 hours, PEPE’s trading volume has catapulted to $2,058,373,276, representing a notable 276.22% increase from the previous day’s tally. This extraordinary rise in trading activity highlights burgeoning investor interest and amplified market engagement with the coin.

Smart Money Withdraws $4.26M Worth of $PEPE 

A prominent investor, often referred to as “smart money,” withdrew 406.74 million $PEPE tokens worth $4.26 million from Binance. According to Lookonchain, this investor previously earned $3.72 million from $PEPE and also traded eight different tokens, profiting from each one, showcasing a strong track record of profitable trades.

In a separate yet related transaction on April 10, the same whale deposited multiple tokens on Binance to take profits. This whale deposited 182.4 billion $PEPE worth $1.24 million, 351,520 $CAKE valued at $1.31 million, 1.88 million $MANA worth $1.11 million, and 1.83 million $SAND valued at $1.09 million. Overall, the whale accumulated a total profit of approximately $5.4 million from trading these eight tokens.

Bullish PEPE Tests Limits

Since April 13, the PEPE token has shown a bullish trend on the daily chart, with the price range tool indicating a 155.62% increase. During this period, PEPE has taken out old highs and retained old lows, demonstrating strong upward momentum. As of press time, PEPE is nearing a critical resistance level at $0.00001101, a level last reached on March 14.

PEPE/USD 1-Day Chart (Source: Tradingview)

Should the bullish trend continue, PEPE is expected to surpass this resistance level, potentially reaching higher targets, including its all-time high of $0.00002. However, if PEPE fails to break this level, prices could decline, aiming to challenge the 78.6% Fibonacci retracement level. 

This would lead to a support level around the 61.8% Fibonacci level before attempting another bull run. If this support is breached, PEPE could fall further, potentially reaching the May low.

PEPE/USD 1-Day Chart (Source: Tradingview)

Technically, the Moving Average Convergence Divergence (MACD) indicator is moving vertically, positioned at 0.00000068, signaling a bullish trajectory in the short term. Moreover, the MACD line trading above the signal line indicates a strengthening bullish sentiment for PEPE, with potential price increases. Additionally, the MACD histogram shows widening green bars above the zero line, further supporting the bullish momentum.

In tandem, the Relative Strength Index (RSI) trades vertically in overbought conditions, positioned at 71.44. This suggests that PEPE may be approaching an overvalued point, potentially leading to a price correction in the short term. However, the RSI line moving above the signal line indicates there may still be room for growth before a significant pullback occurs.

• EGRAG Crypto forecasts XRP’s next cycle top for September 9, 2024.
• His analysis covered the timeframes of previous cycles.
• EGRAG advises market readiness, noting that deviation from expected patterns by the target date would signal a change in trend.

Popular crypto expert EGRAG Crypto, known for his XRP analysis, shared a forecast regarding XRP’s “Super Guppy Cycle Top” in September 2024. EGRAG’s analysis compared the current cycle to past patterns, offering projections and potential insights into XRP’s trajectory over the coming months. For clarity, the Super Guppy indicator is a group of exponential moving averages (EMA) that indicate changes in price action.

EGRAG’s analysis covered timeframes of previous cycles, highlighting Cycle 1’s peak occurrence after 287 days and Cycle 2’s after 133 days. Furthermore, he drew parallels to Cycle 3, which began with the Super Guppy turning green in November 2023. As such, the XRP analyst suggested a potential cycle top in approximately 112 days, following Cycle 1’s pattern.

Meanwhile, EGRAG Crypto pointed readers to his previous tweet from May 5th, titled “This Time is Different,” which focused on the behavior of the 21 EMA and 55 MA on a 2-weekly timeframe. 

“I recommend revisiting the post from May 5th titled “This Time is Different,” where the 21 EMA and 55 MA on the 2-weekly timeframe suggest the potential cycle top might occur in September 2024,” he said.

EGRAG’s comparison indicated that while the duration from the bullish cross has surpassed Cycle B’s timeframe, it remains within Cycle A’s range. Accordingly, September 9th, 2024, emerged as a potential date for the next cycle top if historical patterns repeat.

To conclude his analysis, EGRAG called for readiness among XRP enthusiasts and market participants. He suggested that if September 9th passes without XRP reaching an all-time high or experiencing significant upward movement, it will deviate from historical patterns.

“STAY READY! If we pass the 9th of September and #XRP has not reached an ATH or experienced a major pump, then I can confidently say, “This Time is Different.” EGRAG stated via X.

On the current market front, XRP trades at $0.5052 during press time, reflecting a 0.21% intraday increase.

In a remarkable turn of events, Barbie Girl (BBG) has emerged as the frontrunner in the realm of meme coins, solidifying its position as the best crypto investment of 2024. Specifically, BBG has surpassed existing industry giants like Pepe and MAGA, making waves in the meme-based cryptocurrency market.

This milestone comes amid Barbie Girl’s ingenious approach to the meme sphere, which is backed by its strong community support and strategic partnerships. Barbie Girl’s meteoric rise to the top comes as no surprise to seasoned investors who recognize the project’s potential for exponential growth. 

By leveraging its unique brand identity and tapping into the meme coin craze, BBG has captured the imagination of investors worldwide, attracting attention from seasoned traders and newcomers to the crypto space.

Furthermore, key factors contributing to BBG’s success include its robust tokenomics, which ensure sustainability and growth, as well as its comprehensive roadmap outlining key milestones and initiatives. Additionally, strategic alliances with influencers and marketing efforts have played a crucial role in increasing BBG’s visibility and attracting investors.

Besides, the Barbie Girl presale of BBG tokens has been met with overwhelming demand, with investors flocking to participate in the early stages of the project. This presale is still ongoing at the official website https://buy.barbiegirl.io/. 

Those who join the presale can take advantage of attractive incentives, including a 100% bonus on token purchases and the opportunity to win a substantial number of BBG tokens. Moreover, there is a referral offering a 10% reward to community members for every new investor they bring into the BBG ecosystem. 

As BBG continues to gain momentum, it is poised to reshape the meme coin landscape and redefine the future of crypto investing. 

Magin Eden, the distinguished NFT marketplace, recently announced its venture into Solana’s compressed NFTs. The venture promises to be a budget-friendly and scalable path for digital collectibles.

Quick Takes:

• Magic Eden announces its foray into Solana’s compressed NFTs.
• The cNFTs have compressed data and low associated fees.
• The marketplace has already enabled some popular cNFT collections.

Magic Eden Compressed NFTs

The renowned NFT marketplace Magic Eden has announced its integration with Solana’s compressed NFTs. Moreover, these cNFTs differ from traditional NFTs as they have their data compressed and stored off-chain. Further, these attributes make minting them in bulk a viable option.

Additionally, Magic Eden considers this NFT blueprint an excellent method for creating mass-produced collectibles as it is budget-friendly. Also, sectors like gaming, music, events, and the rapidly flourishing metaverse stand to immensely benefit from this development.

In a recent tweet, Magic Eden claimed that the platform will provide access to a larger audience at a low cost. Also, there are entry options that are affordable for all and will attract more users to the platform by offering a better experience.

Solana’s Compressed NFTs

The cNFTs are greatly dependent on Solana’s compression technology, which will allow Magic Eden to mint a million NFTs at a rough cost of $110. Besides, the cost is very low compared to the fees on Ethereum for a single NFT creation. For a single NFT, the cost ranges from $2.9 to $30; therefore, Solana’s compression technology is seen as a better option.

However, hosting NFTs off-chain has shown complications earlier. For example, in 2022, the NFTs coined at FTX crypto malfunctioned. Also, there were blank images displayed on the website. Moreover, there were breakdowns in the NFTs when hosted through a Web2 API instead of a blockchain.

Earlier, Magic Eden had also seen glitches and breaches in its hosting services, displaying explicit content. What’s more, users have reported there were sexual videos and images on the website that were related to “The Big Bang Theory” sitcom. While the new venture promises to offer a better and more viable option, there is always a risk of tampering with NFTs hosted off-chain.

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The world of cryptocurrency is constantly evolving, with new and innovative projects constantly emerging. As we look ahead to 2024, one project stands out in the AR/VR space: 5th Scape. This groundbreaking initiative is set to revolutionize the intersection of augmented reality (AR), virtual reality (VR), and blockchain technology. By leveraging the power of these technologies, 5th Scape aims to create immersive, decentralized experiences that promise to redefine how we interact with digital environments.

The Rise of AR/VR in the Crypto Space

The integration of AR and VR with cryptocurrency is a natural progression as these technologies become more sophisticated and accessible. AR/VR offers immersive experiences that can enhance various applications, from gaming and entertainment to education and training. When combined with blockchain, these experiences become even more powerful, enabling secure, transparent, and decentralized interactions.

Projects like 5th Scape are at the forefront of this revolution, demonstrating the potential of AR/VR in the crypto space. By providing a platform where users can engage in immersive experiences backed by blockchain technology, 5th Scape is setting the stage for a new era of digital interaction.

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The Future of AR/VR in Crypto

5th Scape is not just another crypto project. It is a visionary platform designed to integrate AR and VR with blockchain, creating a unique and immersive digital experience. By harnessing the power of these technologies, 5th Scape aims to offer users a decentralized environment where they can interact, create, and transact in ways never before possible.

The project is built on a robust blockchain infrastructure that ensures security, transparency, and decentralization. Users can explore virtual worlds, engage in social interactions, and participate in economic activities within the 5th Scape ecosystem. This blend of AR/VR and blockchain technology opens up new possibilities for gaming, education, commerce, and more.

Potential of AR/VR in the Crypto Market

The potential of AR/VR in the crypto market is vast. As these technologies continue to evolve, they will open up new opportunities for innovation and growth. AR/VR can enhance user engagement, create new revenue streams, and provide unique experiences that are not possible with traditional technologies.

In the context of cryptocurrency, AR/VR can bring a new level of immersion and interactivity to the digital economy. Projects like 5th Scape are leading the way, showing how these technologies can be integrated to create a decentralized, user-centric ecosystem.

BUY $5SCAPE TOKENS WITH ETH, CARD, MATIC, BNB OR USDT

Future Prospects of 5th Scape

The future prospects of 5th Scape are promising. As the AR/VR and crypto markets continue to grow, the demand for immersive, decentralized experiences will increase. 5th Scape is well-positioned to capitalize on this trend, offering a platform that meets the needs of users and creators alike.

The project’s roadmap includes plans for further development and expansion, including new features, partnerships, and integrations. By staying at the forefront of technological advancements, 5th Scape aims to remain a leader in the AR/VR crypto space.

By leveraging the power of AR, VR, and blockchain, 5th Scape is not only creating a unique user experience but also paving the way for the future of digital interaction. With its innovative features, robust infrastructure, and visionary approach, 5th Scape is set to make a lasting impact on the world of cryptocurrency.

Friend.tech, the decentralized social media app, has shown an impressive boost in transaction volumes after being virtually dead for some time. Additionally, its popularity is surpassing the trading volumes of NFTs on the Ethereum network.

Quick Takes:

• Friend.tech has returned after being missing from the market for a while.
• The network has surpassed NFTs in trading volumes.
• The platform has done this for the third time in its total transaction history.

Comeback of the Friend.tech 

Friend.tech, a decentralized social media app that was declared virtually dead at the end of August, has returned. Moreover, the platform has showcased a boost in trading volumes, surpassing NFTs on the Ethereum network, according to Galaxy Research data.

Initially, the app faced a sharp decline in user engagement, which fueled speculation about its sustainability. Further, the daily transactions dropped by 95% by the end of August. As a result, Friend.tech was declared virtually dead. However, it has bounced back and displayed remarkable strength.

Overall, Friend.tech posted a $12.3 million trading volume, exceeding the $9.2 million of NFTs, marking its third upset in the NFT market. On August 20, the trading volumes for Friend.tech and NFTs were $14.1 million and $12.4 million, respectively. The following day, Friend.tech recorded a trading volume of $16.9 million, surpassing the NFTs, which stood at $11.2 million.

Friend.tech and its Innovative Ecosystem

Friend.tech launched on the Base Network on August 10, 2023, quickly gaining traction and adding over 100,000 addresses. Moreover, it has now fostered a community of over 155,000 unique traders with over 2.3 million transactions, according to Dune Analytics. Now, with the all-time volume already crossing the ETH 123,000 mark, it seems to be growing exponentially.

It has emerged as a revolutionary platform, allowing users to treat social media accounts like stocks. In addition, users can purchase shares or “keys” of active accounts, and investors can get special perks. Also, they can send direct messages and gain access to a private chat room. 

Furthermore, the platform faced a phishing scam and reconsidered penalizing users for using forked versions. Nonetheless, the Friend.tech platform has proven that it has the potential for future returns. 

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