Cryptocurrency

Consequently, this surge to $61,386 is considered a bullish move from Bitcoin, and it may be the start of a major price rally. Analysts are also giving bullish Bitcoin price predictions after seeing this significant recovery. For instance, prominent crypto analyst Jelle has predicted that BTC can hit $140,000 by the end of this year.Jelle concluded his tweet by predicting that the final target of this BTC cycle remains around the $140,000 level. According to estimates, the BTC price will need to surge almost 128% to hit this target from the current levels. While this may seem like a major target to achieve, BTC has already surged 109.2% over the last year.Hence, this 128% is also achievable by the leading crypto on the market. However, it may take some additional time to achieve. While this target may not come by the end of this year, it can still happen at some point in 2025. Moreover, if the broader financial scenario improves in the near future, then Jelle’s prediction may be prove right.The market impact of recent developments, like the launch of Bitcoin spot ETFs and the Bitcoin halving event, are also not cashed in yet. Many have predicted that the bullish impact will be made manifest over the long term. Consequently, it can be assumed that Bitcoin can claim a new all-time high (ATH) in the near future.This article was originally published on U.Today More

Matrix.One, the decentralized protocol accelerating the development of human-like AI characters, is thrilled to announce that their flagship product, Avatar.One, has surpassed 120,000 monthly active users worldwide since it launched earlier this year, with many of the users spending over three hours chatting with their personalized AI companions. Built on Solana, with more than 100,000 connected Solana wallets, Avatar.One enables users to easily create their ideal 3D AI companion to help fight the loneliness epidemic worldwide.Avatar.One’s avatar maker allows users to define the AI companion’s personality, choosing from hundreds of thousands of variations, and even giving it a live AI-generated voice. Users get to chat unfiltered with their characters, flirt, receive selfies and videos, and create memories together. They can even further develop the AI character’s personality by adding memories.Last year, the World Health Organization (WHO) declared loneliness a “global public health concern” that could be as bad for people’s health as smoking 15 cigarettes a day. Among the older adults, loneliness is associated with a 50% higher risk of developing dementia and a 30% increased risk of stroke.According to a Harvard University survey, 61% of Americans aged 18 – 24 experience severe loneliness. Another Harvard study conducted this year suggests that interaction with AI companions reduces loneliness on par with interacting with another human. Further studies have also revealed AI Companions can assist in social and emotional skill development.Mark Studholme, Co-Founder of Avatar.One and Matrix One, said, “I envision a future where every living person can own an AI character they define. These AI characters can help them with daily tasks, whether that be reminding you of your mom’s birthday, watching Netflix (NASDAQ:NFLX) with you on the couch, or even paying your taxes.”The loneliness epidemic is a significant problem. But with the rise in AI technology and its rate of development, it’s possible to build a future where everyone has a full-time 3D companion to help with everything from conversation to advice on cooking, reminders about important events, submitting taxes, financial management, and more. The quality of the chat experience is constantly improving and better able to emulate real human interactions as AI models get more refined.Avatar.One is powered by Matrix One’s custom built decentralized protocol, which boasts a character studio, avatar maker, and a vast library of LLMs. From this technology, 3D AI characters can be integrated with game engines such as Unreal, Unity and Three.js. Matrix One allows fully animated AI powered characters to be delivered across many different mediums including web, mobile, VR, AR and more. As a result, all avatars are downloadable for use in over 200 games and applications.Avatar.One prioritizes user safety and privacy. All interactions and user data are stored in an encrypted database using SSH and kept confidential, never to be shared with third parties. It also uses passwordless authentication to ensure that a user’s password cannot be stolen.The user growth milestone comes as Matrix.One prepares for its upcoming token generation event (TGE) on Polkastarter, Seedify and ChainGPT in the weeks before the token’s listing on centralized exchanges. The $MATRIX token enables participation and transaction within the Matrix One network, allowing users to access, create, and interact with AI characters, besides giving holders governance rights.Avatar.One is available to anyone above the age of 18 who feels AI companions can alleviate their loneliness. The platform plans to make on-chain characters available soon, allowing users to fully own their character and interaction history.About Avatar.OnePowered by Matrix.One’s custom-built decentralized protocol, Avatar.One is a 3D AI companion platform. Its mission is to deliver users the most human-like virtual companion experience possible, by using cutting-edge 3D and AI technologies.For more information, visit: Website | X | YouTube | TikTok | InstagramContactPress ContactJazz MeyerMatrix Onehi@matrix.oneThis article was originally published on Chainwire More

In his new post, the writer warned of a potential “crash landing” of the economy, suggesting that it could be the worst market downturn in history. In particular, he is concerned about the economic strategies currently being implemented by U.S. officials, whom he believes are not up to the task of dealing with the impending crisis.At the same time, it is clear from Kiyosaki’s message that he sees a big market crash, followed by a depression, as a great opportunity for those who are prepared for it. His mission, he says, is to advocate strategic financial preparation, drawing on his past experiences, including his time in Vietnam, to show that being prepared for hardship is key.He even believes that the cryptocurrency could reach a value of $1,000,000 in the near future.Kiyosaki’s prediction of a severe market crash shows that more and more investors are looking for stability in uncertain times, and they are, like him, turning to Bitcoin as a safe haven.This article was originally published on U.Today More

The Budapest-based blockchain project will be connected to Polkadot for roughly 96 weeks, from July 3, 2024, to May 8, 2026, during which it will benefit from Polkadot’s economic security and interoperability through the XCM protocol.The parachain slot was won with a placeholder runtime that will be upgraded as development progresses. Mosaic Chain plans to launch its testnet soon, which will beta-test new features, including an NFT-based Consensus Mechanism. The testnet will allow for refining these features before they are implemented on the mainnet.Mosaic Chain also plans to launch ‘Mosaic Alpha V2,’ its first decentralized application (dApp), offering decentralized portfolio management through Token Baskets that integrate tokens from Ethereum, Binance Smart Chain, and Polkadot ecosystems.Attila Vidákovics, CEO of Mosaic Chain, highlighted the importance of having a dedicated blockchain for financial services. He pointed out that existing universal blockchains often struggle with transaction processing due to competition, resulting in delays and increased costs. “When designing the Mosaic Alpha platform, extensive research revealed the lack of an ideal home for DeFi apps. Universal blockchains like Ethereum and Binance Smart Chain, while suitable for various applications, often fall short for finance due to competition for transaction processing capacity, leading to potential delays and increased costs,” said Attila.“Recognizing the need for a more reliable solution, Mosaic Chain was developed specifically for financial service providers in both Traditional Finance and Web3. This blockchain aims to create an optimal environment for financial projects to flourish and bridge the gap between the two worlds.”The intense activity and high traffic during the Polkadot auction further validate the candle auction process, a method designed to prevent last-minute sniping. The winner is chosen through the candle auction process, which randomly picked a block from the past seven days. At that moment, Mosaic Chain was in the lead.Built using the Substrate framework, Mosaic Chain will offer features such as decentralized on-chain governance, trustless interoperability, forkless runtime upgrades, and light-client support. The project’s goal is to improve the capabilities and interoperability of decentralized networks for both developers and users. More

The system’s core components include the Polkadot SDK, Polkadot Chain, and Polkadot DAO, which make it easy for developers to create custom blockchain projects.According to Messari, these upgrades enable Polkadot to operate much like cloud services such as AWS or Azure. High-demand projects will benefit from increased transaction throughput, while early-stage projects will only pay for the coretime they actually need.The Polkadot Chain, running on a Nominated Proof-of-Stake (NPoS) consensus, serves as the network’s central hubMessari further explains that Agile Coretime is also a central feature of Polkadot 2.0, designed to tackle inefficiencies in the previous system by dynamically allocating computing resources according to network demand.Elastic Scaling takes Agile Coretime a step further by enabling parachains to use multiple cores within a single Polkadot Chain block. This boosts network throughput and efficiently manages higher transaction loads. That said, Asynchronous Backing further improves block generation and validation by cutting block time in half and allowing for parallel transaction validation and block production.“Polkadot 2.0 addresses high entry barriers and resource inefficiencies with Agile Coretime, Elastic Scaling, and Asynchronous Backing. The current slot auction model, where parachains rent blockspace for up to two years, will be replaced with more flexible on-demand and bulk models for purchasing blockspace,” the Messari report reads.On the operational front, the DOT token serves as Polkadot’s native currency, used for governance, staking, bonding, and paying transaction fees. With over 1.3 million onchain wallets, DOT holders have full decision-making power over the platform’s direction through its advanced governance system OpenGov.Polkadot’s Nominated Proof of Stake (NPoS) system allows DOT holders to earn rewards by backing validators, securing the network in the process. Parachains, meanwhile, must lock up DOT tokens to secure slots, a mechanism that will be phased out with the introduction of Agile Coretime.DOT also functions as the payment method for network fees, which are determined by a combination of base fees, weight fees, and length fees. The token has an uncapped maximum supply, with a current circulation of 1.4 billion DOT as of June 2024.Moving to the economic side, Polkadot’s inflation model incentivizes network participation through a 10% annual inflation rate, which can be adjusted via onchain governance. This inflation rate is divided between the treasury, validators, and nominators, with allocation percentages varying based on the proportion of DOT staked. More

FILLiquid, the pioneering platform for Filecoin borrowing and leasing, has accomplished the achievement of attracting over $1 million in FIL deposits just 21 days after its mainnet launch.This rapid growth not only highlights FILLiquid’s potential but also underscores the opportunities it presents for FIL holders.The Filecoin-based protocol offers four unique routes to potential earnings while allowing storage providers to unlock liquidity in their miner nodes to use as collateral to secure FIL loans for the purpose of storage power growth. The rise to the $1 million milestone demonstrated a building hype behind their different solutions on the Filecoin network as FIL holders deposit tokens into the liquidity pool for leasing. The platform underwent two rounds of an incentivized testnet before its mainnet launch and has already started distributing the FIG airdrop for those who participated. FILLiquid presents multiple routes to potential earnings through leasing, staking, farming, and revenue-sharing. It also has an incoming burning mechanism that will turn FIG, the native token behind the platform, into a deflationary asset. FILLiquid’s PopularityFILLiquid’s gaining popularity amongst FIL holders can be attributed to the open-sourced platform’s unique offering of allowing FIL holders to generate potential earnings on their assets through leasing.The open-sourced leasing protocol provides a dynamic interest rate for depositors, which increases as more loans are secured by storage providers on the platform. While leasing FIL, depositors can also utilize the liquid staking derivative token, FIT, minted during the deposit process to farm FIG, the platform’s native token. Furthermore, FIG holders can then stake their assets to potentially earn on the platform. As a result of the $1 million worth of deposits in just under three weeks, FILLiquid has undergone two high-profile security audits from CertiK and Salus, providing reassurance and confidence to the community. It also hosts a Bug Bounty program for anybody who can find vulnerabilities in the smart contract, further ensuring the platform’s security. The idea behind the FILLiquid protocol is to promote Filecoin storage power growth, helping the network’s data storage capacity expand in a sustainable manner.To achieve this, FILLiquid allows storage providers to bind their miner nodes to the smart contract, presenting the ability to utilize the locked FIL pledges in the node as collateral to secure FIL loans from the liquidity pool.As a result, FILLiquid helps storage providers become more capital efficient by easing their financial burdens and allowing them to attain FIL for pledging purposes for storage power growth. Furthermore, FILLiquid intends to launch a private presale round for its FIG token and establish more partnerships with projects in the Filecoin ecosystem.FILLiquid’s achievements within such a short timeframe signify its potential to redefine the Filecoin landscape, offering unparalleled opportunities for crypto investors and FIL holders alike. As it continues to innovate and expand, FILLiquid remains committed to driving sustainable growth and unlocking new possibilities for the future of digital assets.About FILLiquidFILLiquid is a leasing platform that bridges $FIL token holders with Storage Providers that won the Ethereum and Filecoin DeFi hackathon in 2023. The platform allows $FIL holders to potentially earn through leasing, while Storage Providers can access $FIL liquidity at market-based rates to expand their storage provisions.The protocol intends to help the continued expansion of storage power on Filecoin without increasing financial burdens for Storage Providers, as they don’t have to deposit crypto or fiat as collateral. Instead, FILLiquid allows them to secure $FIL loans using their Beneficiary Address as collateral, setting itself apart from other industry-centralized and decentralized leasing platforms.Website – Twitter – Discord – GitHub – TelegramFILLiquid is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.ContactCEOArthur TanFILLiquidmedia@fliquid.ioThis article was originally published on Chainwire More

The Bitcoin rose 3% to $61,024.7 by 01:19 ET (05:19 GMT), having now recouped all of its steep losses logged during a market rout last week.But further gains in Bitcoin were still limited as institutional inflows into the token remained constrained, while uncertainty over crypto’s regulatory outlook in the U.S. also weighed. Gains in Bitcoin and broader crypto markets were driven chiefly by softer-than-expected producer price index inflation data on Tuesday. The reading ramped up hopes that consumer price index data, due on Wednesday, will ease as expected. Softer inflation gives the Federal Reserve more headroom to begin cutting interest rates.Bets on a 50 basis point cut edged higher after Tuesday’s PPI reading, although traders were still pricing in the possibility of a 25 bps reduction.Lower interest rates bode well for crypto markets, given that they increase liquidity that can be directed towards speculative markets, such as crypto.But despite this week’s rebound, Bitcoin still remained close to a trading range seen for most of this year, as it struggled to make new highs after a rally in March. The token has also largely lagged a rally in stock markets in recent sessions.Underperformance in crypto came amid renewed regulatory uncertainty over the U.S., as polls showed a close presidential race between Donald Trump and Kamala Harris. Trump has maintained a pro-crypto stance, while Harris has not addressed the industry. Also stemming Bitcoin’s recovery were reports that a wallet that had received $2 billion in Bitcoin from defunct crypto exchange Mt Gox had initiated a test transaction on Tuesday. It is unclear just how much Bitcoin the exchange holds. But the exchange is expected to increase selling pressure on Bitcoin as it returns tokens stolen from clients during a 2014 hack.Broader cryptocurrency prices rose tracking strength in Bitcoin. But gains across most major altcoins were limited.World no.2 token Ether rose 2.6% to $2,720.45, while XRP and ADA rose 1.8% and 0.6%, respectively. SOL fell 1%.Among meme tokens, DOGE rose 0.4%. More

Floki is proud to announce that Valhalla, Floki’s groundbreaking PlayToEarn MMORPG, will be at the forefront of a high-profile advertising campaign throughout the 2024-25 season of the English Premier League (EPL). Leveraging LED perimeter boards during live games, this campaign will deliver massive global exposure and enhance the brand’s credibility.The English Premier League is the most popular sporting league globally, attracting more viewers than both the UEFA Champions League and the Bundesliga combined. For the 2022-23 season, the EPL boasted a cumulative audience of 3.23 billion. Broadcasting to 712 million households across 190 countries, the league reaches 2.01 billion viewers of live match programming over the season and 1.22 billion viewers of highlight shows and other non-live content, according to data sourced from Nielsen.Premier League clubs also have a staggering following on social media, with over half a billion total followers. Leading the way, Facebook (NASDAQ:META) has 240 million followers, Instagram has 157 million, TikTok has 56 million, X has 123 million, and YouTube has 28 million.Valhalla’s LED perimeter board ads will be strategically placed to maximize visibility. The full TV-facing ad system ensures that the ads are prominently visible during broadcasts. Creative flexibility allows for dynamically tailored ad content. Branding will be visible inside the event itself, providing in-program exposure. The ads will ensure multichannel coverage, making them visible across various devices and platforms, including broadcast, social media, mobile, and online. There are no virtual overlays to interfere with the ads in the Premier League, ensuring uninterrupted visibility. Additionally, minimal ad avoidance makes the ads almost unavoidable for viewers. According to the team, each minute of LED ad delivery results in an astounding 156 minutes of global on-screen visibility.The ad campaign will cover 100 minutes of ad time throughout the season and will be globally broadcast to ensure extensive reach. At least 40% of the advertising inventory will be shown during matches featuring the league’s top clubs.The extensive campaign is projected to reach a massive global audience. In total, it is expected to reach over 200 million people, with about 1.2 billion impressions and a total on-screen duration of nearly 440 hours. In Europe, the campaign is projected to generate around 81 million impressions with an on-screen duration of approximately 181 hours. In Asia & Oceania, about 47 million impressions are expected with an on-screen duration of nearly 168 hours. In Africa, the campaign is projected to achieve around 48 million impressions and an on-screen duration of almost 34 hours.This campaign will be featured on some of the biggest broadcasters in the world, including Sky Sports, TNT, Amazon (NASDAQ:AMZN) Prime, BBC (highlights), NBC Sports (including Peacock), USA Network, Telemundo, FuboTV (NYSE:FUBO), Optus Sports, Star Sports, Disney+ Hotstar, beIN Sports, Supersport, Sky Deutschland, Canal+, DAZN, Sky Italia, Astro, Now TV, and Truevisions.About ValhallaValhalla is a spin on the classic Creature-Collection adventure set in a vibrant, lively, MMORPG open-world inspired by Norse mythology. Players interact with a diverse set of eccentric creatures called Veras, discovering, taming, training, and trading them. Alone or as a clan, players partake in a dynamic, player-driven economy to rise in community ranks and achieve tactical supremacy on the hexagonal-grid battlefield.Website: Valhalla.gameAbout FlokiFloki is the people’s cryptocurrency and utility token of the Floki Ecosystem. Floki aims to become the world’s most known and used cryptocurrency, focusing on utility, philanthropy, community, and marketing. Floki currently has over 490,000 holders and a strong brand recognized globally thanks to strategic marketing partnerships.For more information users can visit Floki’s:Website | YouTube | Telegram | Instagram | TikTok | Discord | Facebook | Reddit | TwitchContactCommunity Relations OfficerPedro VidalFlokiMarketing@Floki.comThis article was originally published on Chainwire More