Cryptocurrency

HUGO Meme Coin, a newly launched cryptocurrency project, has officially debuted on the Base blockchain, with plans to expand to Ethereum (ETH) and Solana (SOL) in the coming weeks. The project introduces FOMA AI, an AI-driven tool designed to provide accurate and transparent insights into the cryptocurrency space, with a focus on meme coins.Introducing HUGO Meme CoinHUGO Meme Coin positions itself as a community-driven initiative aimed at promoting transparency and informed decision-making within the cryptocurrency ecosystem. Central to the project is “Hugo,” a thematic character representing the project’s mission to address misinformation in the crypto space through advanced AI solutions.At the core of the initiative is FOMA AI, an artificial intelligence platform designed to deliver unbiased and data-driven insights into meme coins, providing users with tools to navigate the often speculative market with greater clarity.Expanding to Ethereum and SolanaCurrently operating on the Base blockchain, HUGO Meme Coin plans to adopt a multi-chain strategy by integrating with Ethereum and Solana in the near term. This expansion aims to enhance accessibility and interoperability, ensuring a broader reach within the global cryptocurrency community.Marketing and Community EngagementHUGO Meme Coin has outlined a comprehensive marketing plan aimed at increasing visibility and fostering community participation. The strategy includes partnerships with influencers across platforms such as TikTok, YouTube, and Instagram, alongside community-focused initiatives such as meme creation challenges, giveaways, and exclusive merchandise.Key marketing highlights include:The HUGO Meme Coin project seeks to distinguish itself in the cryptocurrency space by combining the widespread appeal of meme culture with AI-driven solutions. The initiative emphasizes transparency and knowledge-sharing, aiming to foster a more informed and engaged community.About HUGO Meme CoinHUGO Meme Coin is a blockchain-based cryptocurrency project dedicated to promoting transparency, informed decision-making, and community engagement within the digital asset space. Featuring FOMA AI, an advanced AI-driven platform, the project focuses on providing accurate insights into meme coin markets. By combining technology, transparency, and a community-centered approach, HUGO Meme Coin aims to redefine how individuals interact with the cryptocurrency ecosystem.For more information about HUGO Meme Coin, including updates on the multi-chain expansion and community initiatives, users can visit:Official website: www.hugomeme.com.Twitter (X): https://x.com/hugofomaTelegram: https://t.me/Hugofoma/1ContactMark Knorrjohnlemonmeme@gmail.comThis article was originally published on Chainwire More

The degree of network activity and investor interest is reflected in the capital inflow metric. There is a new surge in demand as these inflows increase. If maintained, this demand might serve as the catalyst for Bitcoin to surpass significant resistance levels and reach new highs. Bitcoin is still in an upward trend as evidenced by its price chart’s higher highs and lower lows.While support levels close to $98,000 and $92,000 offer solid foundations, the breakout from the long-term descending trendline around $100,000 confirmed bullish momentum. An upward trajectory is reinforced by the 50-day and 100-day moving averages. The psychological $110,000 mark is one of the important short-term levels to keep an eye on because it may serve as a springboard for additional gains.The conditions for a rally toward Bitcoin’s previous peak and beyond may be created if it is able to overcome this resistance with strong volume. However, since the market may encounter additional challenges, prudence is necessary. The uptrend may be stopped if capital inflows decline or if the current support levels are not maintained.In order to prevent a deeper correction or a slide into consolidation, Bitcoin needs to hold onto its recent bullish structure. The price action and fundamentals of Bitcoin point to a bright future. With consistent capital inflows, Woo’s analysis strengthens the case for a potential all-time high.This article was originally published on U.Today More

In their latest report, Barclays examined whether the recent price spike, attributed in part to anticipation of a crypto-friendly Trump administration, has driven an increase in crypto-related job postings. Using Lightcast data, the analysts tracked job listings featuring keywords such as “cryptocurrency,” “bitcoin,” “ethereum,” “metaverse,” “web3,” and “blockchain.”The findings reveal that crypto-related job postings peaked in late 2021 and early 2022, with web3-specific roles reaching their highest levels later in 2022. Since then, the bank said hiring activity has steadily declined. “Although the price of bitcoin has responded to the potentially crypto-friendly Trump administration, hiring has not,” the analysts wrote.Among the tracked keywords, blockchain-related job postings remain the most prevalent, even into 2024. However, when indexed against January 2022 levels, Barclays stated that the data shows all categories of crypto-related roles are still down significantly.The report highlights a disconnect between Bitcoin’s market performance and broader hiring trends in the crypto space. They explained that while the potential for regulatory shifts under the Trump administration may be generating optimism, it has not yet translated into a notable uptick in workforce demand within the sector.Barclays’ findings suggest that despite Bitcoin’s recent rally, the crypto industry’s hiring rebound may lag behind other indicators of market enthusiasm. More

“Create something ₿etter,” Saylor tweeted, typing the “B” with four vertical strokes, as if reaffirming his confidence in BTC as in the asset which has no second best to it.As reported by U.Today, four days ago, MicroStrategy announced a mammoth Bitcoin purchase as it acquired a $1.1 billion worth of BTC. Now, Saylor’s firm holds 461,000 BTC in its stash.In the meantime, the world’s flagship cryptocurrency Bitcoin has demonstrated a decline of roughly 2.43% as it dropped from $107,190 to the $104,600 price mark. At the time of this writing, BTC is changing hands slightly higher – at $104,800 per coin.This article was originally published on U.Today More

An X user had drawn attention to the disparity in XRP’s circulating supply reported by the crypto ranking platform CoinMarketCap and popular XRP explorer XRPScan.CoinMarketCap reports XRP’s current circulating supply as 57.64 billion XRP, while according to a screenshot shared by the X user, XRPScan reported 62.23 billion XRP.Addressing this speculation, Schwartz explained, “How you measure circulating supply depends on what you consider to be circulating and what you don’t consider to be circulating.” He continued, “For a Bitcoin analogy, are Satoshi’s bitcoins circulating? Reasonable people can even disagree on which bitcoins are Satoshi’s.”According to CoinMarketCap, Bitcoin’s total and circulating supply is presently 19.81 million BTC, with a maximum supply of 21 million BTC.Ripple’s XRP holdings are divided into two categories: XRP that is currently available in its wallets, and XRP subject to on-ledger escrow lockups that will be released monthly over the next 42 months.For this latter category, Ripple does not have access to this XRP until the escrow releases it to them monthly. Every month, the remaining XRP released is returned to the escrow account.This article was originally published on U.Today More

In contrast, small investors reduced their holdings from 1.75 million to 1.69 million BTC during the same period.Bitcoin ETFs are now the largest holders of the flagship cryptocurrency.The 12 spot Bitcoin ETFs in existence have collectively passed $100 billion in assets under management, one of the most successful ETF launches in history.The funds now own slightly more than 1.1 million Bitcoin, equivalent to about 5% of all the Bitcoin in existence.Collectively, Bitcoin ETFs now own more of the cryptocurrency than legendary pseudonymous founder Satoshi Nakamoto, who is believed to control as much as 1.1 million Bitcoin.BlackRock’s iShares Bitcoin Trust (IBIT) has amassed a remarkable $60 billion in Bitcoin (BTC), holding 574,118.84380 BTC on its balance sheet.Recent data from Farside Investors reveals that Bitcoin ETFs have seen total inflows of $188.7 million, with BlackRock (NYSE:BLK) accounting for $154.6 million of that — making up 81% of the net inflows.The legendary finance analyst Tom Lee thinks Bitcoin price can go as high as $250,000 in 2025. The potential for the U.S. to legitimize Bitcoin as a strategic reserve asset dramatically enhances its long-term price outlook, said Lee.Anthony Scaramucci highlighted the best-case scenario for the BTC price in the next 12 months. “Over the next 12 months, I believe something in the range of $250,000 is possible — perhaps even highly probable, based on the current price cycle,” he said.Another seasoned trader Peter Brandt maintains his less optimistic 2025 BTC price target of $135,000.Nonetheless, with the current Bitcoin market cap of $2 trillion, it’s likely that the BTC rally will continue in 2025.This article was originally published on U.Today More

In particular, the JAN3 boss took aim at Ripple and the XRP cryptocurrency affiliated with this blockchain company. He also commented on multiple X posts criticizing Ripple and XRP and added fuel to that issue.In a recent tweet, Mow wrote that he has been seeing a lot of posts that list out reasons “why you should hate Ripple/XRP” and stated he wanted to add some perspective. His “perspective,” expectedly, was to solidify those reasons for hating the company and the token it works with.The JAN3 boss tweeted: “You still don’t hate them enough and there are still way more reasons why you should hate them.”Mow believes that adding anything else except Bitcoin to it means giving taxpayers’ money to companies and individuals that “printed their own token out of thin air.” Mow used Elon Musk’s D.O.G.E. rhetoric here since Musk and the Department of Government Efficiency are trying to reduce the excessive and wrongful spending of money paid into the budget by U.S. taxpayers.As an example of such a company that prints tokens, Mow gave Ripple, saying that at the start of their career its founders “just pushed a button to make 100B tokens.”On Friday, the Cardano founder Charles Hoskinson also stated that nothing except Bitcoin will be added to the U.S. strategic crypto reserve. He did not criticize Ripple or XRP, though. Lately, Hoskinson has been working with the Ripple team closely to launch their RLUSD stablecoin on Cardano.This article was originally published on U.Today More

MicroStrategy’s announcement means the firm has decided to redeem the notes or settle the $1.05 billion debt before it matures.However, this settlement will come in the form of conversion requests from notes to MSTR shares. Generally, convertible notes are a debt instrument that allows bondholders to convert their holdings to the issuing company’s shares. This is at a predetermined price.According to the bondholders’ notice, all outstanding notes must be redeemed by Feb. 24, 2025. The redemption price equals 100% of the principal amount, in addition to accrued and unpaid special interest.MicroStrategy says the notes are convertible at the applicable conversion rate of $142.38 per share.Primarily, analysts say the decision to settle bondholders in shares and not cash is strategic. It helps MicroStrategy avoid using much-needed funds that can become useful in additional Bitcoin purchases.However, some have expressed concerns that this could dilute MSTR shares. The current value of MSTR stocks could decline, affecting existing shareholders’ stock.Over the years, MicroStrategy has leaned heavily on Bitcoin for much of its corporate strategy and profited massively from it. This development might indicate that the firm is doubling down on its holdings. Hence, investors in MSTR will have to monitor how much impact the move will have on the stock price.This article was originally published on U.Today More