Cryptocurrency

In the dynamic world of cryptocurrency, a new meme coin, $JOSE, is set to make its mark with a unique total supply of only 21 million tokens. Built on a foundation of transparency, investor safety, and led by a publicly doxxed project owner, BA Davidson, $JOSE is offering a rare and innovative entry into the meme coin market. $JOSE: A Community-Driven Initiative Set to Influence the Crypto SpaceBuilt on the Solana network, $JOSE aims to offer a stable and long-term presence in the cryptocurrency space. With a focus on a community-driven approach, where investors’ voices are not only heard but acted upon, and a meme-inspired character, $JOSE is designed to appeal to a broad audience. Key Details of the $JOSE Pre-SaleTo kick off the presale, the $JOSE team has locked an astounding 6,814,450 tokens for 100 years, significantly reducing the available supply from its initial 21 million tokens. At a presale price of 0.000394 SOL, investors are offered a significant discount, with the subsequent launch price set at 0.000526 SOL. To ensure security and investor confidence, $JOSE has partnered with Pinksale and completed an audit and KYC process. Additionally, 75% of team tokens have been locked, with 50% of those locked until March 2025. Following the presale, the token will be auto-listed on Raydium, allowing investors to claim their tokens in full without a vesting period directly on the Pinksale website. Purchase limits are set between a minimum of 0.01 SOL and a maximum of 20 SOL to prevent large investors from dominating the market. The Vision for $JOSEJose has been built for longevity rather than a flash in the pan. With a large pool of 1.5 million $JOSE Tokens for community rewards, including 1.2 million tokens set aside to burn 100K tokens monthly, the team is committed to creating and selling NFTs and merchandise. The Jose Store on the project’s website features over 160 different products, ranging from clothing and travel accessories to household goods and back-to-school items. A portion of the profits from these sales will be used to purchase JOSE tokens for the purpose of burning them, further reducing the supply. This deflationary asset aims to position Jose as the Bitcoin of meme coins, moving in dollars instead of fractions of a cent. How to Join the Jose Community and Participate in the Community RewardsThe $JOSE team is fostering a vibrant international community where members can impact decisions, receive real-time updates, and participate in community reward events leading up to the launch. Interested investors can join the presale by visiting Jose Presale. To learn more about the project and explore the Jose Store JoseCoin.Fun. To become a part of the community on X @TheJoseCoin and Telegram t.me/TheJoseCoin. About Jose TokenJose Token was born from a bold experiment in decentralization, spearheaded by a diverse, international team committed to creating a meme coin with complete transparency and accountability. Their mission is to blend community-driven enthusiasm with cutting-edge AI technology, offering investors a unique opportunity for growth. Jose Token values inclusivity, innovation, and transparency, ensuring that every investor’s voice shapes the future of JOSE. With a capped supply of 21 million tokens and a strategic presale, Jose Token seeks to deliver significant potential returns and foster a vibrant, engaged community. ContactProject OwnerBA DavidsonThe Jose CoinContact@JoseCoin.FunThis article was originally published on Chainwire More

Bitcoin’s price dipped below $50,000 for the first time since February, reaching a low of $49,351 before making a recovery to around $51,000. As a result, the original coin’s dominance rose to 58% as both the altcoin and stock markets collapsed, wiping out over 17% of the total cryptocurrency market capitalization. The total market cap, which stood at roughly $2.16 trillion last month, fell to around $1.76 trillion as of writing.”The sudden move downwards in Crypto prices since the start of August was something our Algorithm anticipated, moving from a bullish stance of BTC and ETH to a bearish one,” said Tom Cohen, Head Trader at Algoz Technologies.”Fed Chairman Jerome Powell signalled that rate cuts are coming, normally good news but the market interpreted this, on the back of weak economic data, as the US slipping into recession and traditional markets are now looking at big losses today.”Some crypto experts predict that the recent declines in Bitcoin’s price could be the beginning of a more dramatic fall, citing a looming economic storm and a decoupling of cryptocurrency from the broader stock market.Tristan Dickinson, CMO exSat Network, told Investing.com that Bitcoin isn’t immune to global macro events. “The capitulation of Japanese markets (Nikkei down by 12%) has combined with poor performance of the Dow Jones, S&P 500, Nasdaq and extends a broader sentiment of global fears of recession.”Tristan believes that “pullbacks are inevitable,” and if Bitcoin is able to hold above 50k then this could usher in the start of a bull market. “But caution is needed, August and September are historically poor months, so expect sideways action and further testing of Bitcoin support levels,” he added.Ethereum also plummeted, losing almost 25% of its value in just two hours, its worst single-day hit since May 2021. At the time of writing, ETH was trading at around $2,190, recovering from a low of $2,170 earlier in the day. Binance Coin and XRP saw declines of more than 10%.The sell-off only got worse on rumors of a major crypto market maker liquidating assets after massive Ether transfers to centralized exchanges.The panic selling in Bitcoin and the overall crypto market was spurred by a broader fall in financial markets due to fears of a global recession and rising tensions in the Middle East. Japan’s Nikkei 225 Index dropped 12.4%, the Stoxx Europe 600 Index fell 2.8%, and micro futures on the S&P 500 Index lost by 2.9%.Solana and Dogecoin were the biggest losers among the top 10 cryptocurrencies by market cap. Solana fell nearly 28% over the past week to $133, while Dogecoin dropped about 23% to just under $0.10.The latest wave of market declines was worsened by a disappointing U.S. jobs report on Friday. This report triggered fears of a recession, impacting the stock market before the weekend. More

Bitcoin is holding onto the $60,000 level, which is a significant psychological and technical support level, according to the daily BTC/USD chart. The picture that the moving averages present is unsettling. If this is broken, there could be a significant decline. A look at volume indicates more trading activity, particularly on the days when Bitcoin crossed the $60,000 threshold.This volume spike indicates increased selling pressure, which could be a sign that investors are liquidating their holdings due to concerns that the bull market is ending. For Bitcoin, the $60,000 mark has been a pillar of support, and its breach indicates possible additional drops.Such breaches have historically exacerbated the downward trend by causing panic selling. The next important support level is at $58,000, but if it is broken, there may be a more severe decline in Bitcoin, possibly testing the $55,000 mark.The general outlook for the market is gloomy, with many investors doubting whether the bull run can continue. The selling pressure is increased by the apparent reduction in holdings by institutional investors, who have been a major factor in Bitcoin’s rally.As can be seen from the daily XRP/USDT chart, XRP is presently resting on the 200-day EMA (black line). This support level is significant because it frequently denotes a turning point in price corrections that may lead to a possible rebound. As seen by the unsuccessful breakout from the descending triangle pattern, XRP’s recent performance however points to strong resistance near the $0.65 mark.Since then, the price has dropped again, emphasizing the market’s general bearish mood. Volume analysis indicates a decrease in trading activity, which suggests a decrease in investor interest. Although XRP appears to be lacking momentum, the relative strength index (RSI) is circling 45, indicating that it is neither overbought or oversold.A possible upward reversal could find support at the 200-day EMA notwithstanding the bearish signals. XRP may see a brief uptick if buying pressure picks up at this point. An encouraging sign to keep an eye out for could be a golden cross in which the 200-day EMA crosses above the 50-day EMA.Usually interpreted as a bullish signal, this event may draw in additional buyers and result in a longer-lasting upward trend. Market sentiment is still cautious right now. Lower trading volume and liquidity across the board in the cryptocurrency space have hurt XRP’s chances of making a significant comeback. Due to likely broader economic uncertainties, institutional interest appears muted and retail investors are hesitant.Solana had risen sharply, reaching its zenith in the first part of July. Nevertheless, the asset has been declining ever since. The price dropped significantly, wiping out the majority of its prior gains from a high of about $175 to its current level of about $144.This bearish sentiment is reflected in key technical indicators. An indication of a momentum loss is the breach of the 50-day EMA. SOL is currently testing the 200-day EMA, a crucial support level. A violation of the aforementioned support could result in even bigger drops. With the RSI circling 36, SOL is getting close to the oversold area. Although this could point to the possibility of a quick recovery, the general outlook for the market is still negative.Solana’s decline has been aggravated by major challenges facing the cryptocurrency market as a whole. Growing selling pressure is a result of institutional investors appearing to be retreating. The price decline is consistent with a spike in selling activity as indicated by the volume analysis. The next support level could be much lower if the 200-day EMA is broken, which could result in further losses.This article was originally published on U.Today More

The move downwards pushed Bitcoin’s market cap down to $1,105.9B, or 56.04% of the total cryptocurrency market cap. At its highest, Bitcoin’s market cap was $1,435.8B.Bitcoin had traded in a range of $52,956.1 to $58,291.4 in the previous twenty-four hours.Over the past seven days, Bitcoin has seen a drop in value, as it lost 18.43%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $35.1B or 41.63% of the total volume of all cryptocurrencies. It has traded in a range of $52,956.0898 to $66,998.3047 in the past 7 days.At its current price, Bitcoin is still down 27.75% from its all-time high of $73,740.90 set on March 14.Ethereum was last at $2,201.12 on the Investing.com Index, down 24.47% on the day.Tether USDt was trading at $0.9997 on the Investing.com Index, a gain of 0.01%.Ethereum’s market cap was last at $301.1B or 15.26% of the total cryptocurrency market cap, while Tether USDt’s market cap totaled $114.5B or 5.80% of the total cryptocurrency market value. More

This historical fact provides a contrast to Bitcoin’s current market value, demonstrating its phenomenal development and adoption over the last decade and a half.On this day in 2010, Bitcoin was still in its early stages, known only to a few tech enthusiasts and early adopters. The cryptocurrency, created by the mysterious Satoshi Nakamoto, was still in the process of proving its utility and value proposition.From a mere $0.05, Bitcoin’s rise to its present price is nothing short of astonishing. Bitcoin is now traded on major exchanges worldwide, accepted by many businesses, and held by institutional investors.Bitcoin’s value has skyrocketed, reaching levels inconceivable in its early days. Bitcoin is already trading at more than $60,000 per coin, a remarkable gain that demonstrates its growth and the increasing acceptance of cryptocurrencies in mainstream finance.In the most recent development, one of the world’s largest wealth management firms, Morgan Stanley, has authorized hundreds of financial advisers to solicit eligible clients to purchase spot Bitcoin exchange-traded funds as early as next week.In a remarkable feat, U.S. Bitcoin ETFs have attracted nearly $18 billion in net inflows since their listing in January, marking a record debut for a fund category.Bitcoin is extending its sell-off from a six-week high of nearly $70,000 reached on July 29. Since this date, Bitcoin has marked five out of six days in losses and is currently trading in red, down about 11% weekly. At the time of writing, Bitcoin was down 2.14% in the last 24 hours to $60,279.CoinGlass data show that over $162 million worth of bullish crypto wagers in the market were liquidated in the past 24 hours, accounting for the majority of a total $197 million liquidations.This article was originally published on U.Today More

This major move by one of the world’s largest wealth management firms has been celebrated by many in the crypto community, including MicroStrategy’s chairman and co-founder Michael Saylor.Morgan Stanley’s decision to enable the solicited sale of Bitcoin marks a pivotal moment in the integration of digital assets into mainstream finance, with Saylor highlighting this significant milestone.In a tweet, Saylor wrote: “Morgan Stanley just became the first major bank to approve Bitcoin for solicited sale to their clients.”Under Saylor’s leadership, MicroStrategy has amassed a huge quantity of Bitcoin, making it one of the largest corporate holders of the cryptocurrency. In July, MicroStrategy acquired an additional 169 BTC for $11.4 million and now holds 226,500 BTC.Saylor, a strong Bitcoin supporter, began buying it in 2020 as an inflation hedge and cash alternative.This move implies the firm’s approximately 15,000 financial advisors will be able to solicit eligible clients to purchase shares of two exchange-traded Bitcoin funds, reportedly BlackRock (NYSE:BLK)’s IShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund, starting August 7.The move from Morgan Stanley, one of the world’s top asset management firms, is the latest sign of the adoption of Bitcoin by mainstream finance. In January, the U.S. Securities and Exchange Commission approved applications for 11 spot Bitcoin ETFs in a remarkable milestone for the crypto industry.This article was originally published on U.Today More

As such, what is happening with Bitcoin (BTC) and major altcoins looks like a regular day in trenches to the seasoned macro expert.Also, Pal mentioned impressive performance of Church of the Smoking Chicken Fish (SCF), a novel eccentric Solana-based meme coin.He added that the pessimism on this market is nothing but “noise.” Pal’s statements were echoed by BitMEX founder Arthur Hayes. As covered by U.Today previously, Hayes calls the current days “shopping time.”The BitMEX founder attributed current volatility spikes to macro processes in the U.S. and Japan.However, as covered by U.Today previously, some voices of Crypto Twitter do not share the enthusiasm of Pal and Hayes. For instance, trader Henrik Zeberg said that we might be two months short of the largest collapse since the 1929 Great Depression.He “lifted the deadline” for the major macro top to this October. Also, a number of prominent traders insist that we will not see new highs for Bitcoin (BTC) in the next four years.This article was originally published on U.Today More

On August 3rd, the “2024 GIPR2” voting event, hosted by the metaverse virtual community MEET48, which is based on an AI and WEB3.0 diverse UGC entertainment content ecosystem, officially concluded. The top participants in the Idol Group, Sprout Group, and Virtual Idol Group were announced, along with their promotion plans for multiple overseas large-scale Web3 events organized or co-hosted by MEET48. The on-chain data of the MEET48 voting event Dapp and its rankings on DappBay and DappRadar have garnered significant attention.The top participants in each group are as follows:It is reported that the top participants in each group will be invited to perform and interact at several international events organized or co-hosted by MEET48. These include the Tokyo WebX, where MEET48 is the title sponsor, the WebX official opening party co-hosted by MEET48 and Line Next, the TOKEN2049 in Singapore where MEET48 is a platinum sponsor, and the “Back to the Streets” event at Clarke Quay co-hosted by MEET48 and Hape. This overseas promotion plan will offer fans more opportunities to interact closely with their idols and further promote the MEET48 brand and philosophy.During this event, the MEET48 “2024 GIPR2” voting event Dapp registered over 3 million users, with a total of over 116 million votes cast, more than 24,000 UGC videos uploaded, and over 10 million views of UGC. These airdropped users will eventually be integrated into the MEET48 intelligent social metaverse community through the MEET48 content ecosystem matrix products.As of August 3rd, the MEET48 event Dapp ranked first in the social category on DappBay and third in the social category on DappRadar. According to DappRadar, the MEET48 event Dapp achieved 31.54 million on-chain transactions and 705.94K UAW in the past 30 days. Similarly, DappBay reported that the MEET48 event Dapp achieved 32.61 million on-chain transactions and 701.68K UAW in the past 30 days.Additionally, MEET48 announced that next year, the global Web3 metaverse voting event, “The 1st Web3.0 All-Metaverse Annual Idol Popularity Audition & Ceremony” will be held in Hong Kong. This event aims to connect Web2 and Web3 users through entertainment, marking the beginning of an era of Web3’s mass adoption by the general public. It is expected to be the largest mass adoption event in Web3 history.About MEET48MEET48 is considered one of the largest Web3 application project teams in the world, with a technical and R&D team of 500 people and a regional operation network covering Singapore, Hong Kong, Taipei, Tokyo, Seoul, and Dubai. MEET48 aims to achieve the social-scale application of Web3 technology through an AI UGC content ecosystem focusing on AIGC (Animation, IDOL, GAME, and Comics) Gen Z trendy entertainment content and a graphical, intelligent metaverse social foundation.Official Website: https://www.meet48.xyz/ Twitter (X): https://x.com/meet_48 Telegram: https://t.me/MEET_48 Discord: https://discord.gg/meet48ContactMarketing DirectorYang SiyuMEET48siyu@meet48.comThis article was originally published on Chainwire More