Cryptocurrency

SimpleSwap, an instant crypto exchange, is thrilled to announce the start of its new Trading Contest. The platform offers a chance to compete for a share of a $12,000 prize pool by swapping crypto. The unique aspect of this event is that this service has a great choice of coins. Users can choose the one they like among more than 1800 assets and take part in a contest by exchanging it. Contest detailsA trading contest is a competition organized by a cryptocurrency exchange platform like SimpleSwap. Participants compete by trading different cryptocurrencies during a specific period. Here are some important SimpleSwap contest highlights:Participating in the SimpleSwap trading contest is quite easy and straightforward. Here’s how users can get started:Joining SimpleSwap is a breeze. Unregistered users can create an account and join the contest by following these steps:SimpleSwap: Rewarding Crypto Experience with Fast Transactions and 24/7 SupportSimpleSwap strives to make cryptocurrency journey both rewarding and enjoyable. The platform offers a variety of cryptocurrencies, and shares analytic materials, so users could create a diverse crypto portfolio. It also provides fast and secure crypto-to-fiat transactions with competitive rates, making it easy to buy and sell cryptocurrency.SimpleSwap’s Loyalty Program grants registered users cashback rewards in BTC on their trades, adding some extra excitement for swapping. As well as its Invite System also grants bonuses to users’ invited friends for their first finished exchange. Moreover, SimpleSwap offers a great choice of affiliate tools allowing partners to get up to 5% reward. In case a user faces a problem, he or she can always reach for assistance. The platform’s support team is available 24/7 via chat on the main website or mobile app. In brief, SimpleSwap offers a comprehensive, user-friendly, and rewarding crypto trading experience.About SimpleSwap SimpleSwap is an instant cryptocurrency exchange that has been on the market since 2018. The platform allows users to easily swap 1800+ cryptocurrencies and offers the opportunity to get BTC cashback for trading.ContactSimpleSwap teamsocial@simpleswap.ioThis article was originally published on Chainwire More

The chart looks grim for ADA. The cryptocurrency has been seen exchanging under its 50-day, 100-day and 200-day EMAs. This implies a bearish trend. All of this underperformance contrasts sharply with the optimism surrounding Cardano earlier in the year. The inability to hold above these ever-important levels likely indicates that there is little buying interest and, therefore, confidence in ADA, in which maximum caution is necessary.One of the primary reasons behind this decline is the high-level competition within the blockchain ecosystem. While Cardano has been making strides in setting up an ecosystem around the platform, it is, in particular, catching up with more popular ones, like Ethereum and Solana.BTC price action ran into a strong barrier after an upside break through the psychological level of $70,000, slightly drawing back into consolidation around $67,500. From the chart below, it is evident that Bitcoin is fiercely trying to stay well above key moving averages, among them the 50-day and the 100-day EMAs.This was further confirmed by the vast spikes and falls registered in volumes over the past few days. Wild volume indicates an absolute lack of committed direction or confidence among traders. Obviously, do not forget about the Ethereum ETF craze. On the one hand, the approval of Ethereum ETFs sparks fresh optimism and an overall bullish tone — one that has been reflected in skyrocketing prices and activity.Going forward, these acceptances may help Bitcoin stay at levels from which it can push higher. Next in line is the 50-day exponential moving average at the dynamic support level of $66,683, with the 100-day EMA closing at $64,890. If BTC stays predominantly above these supports, it will give bulls a chance to test the upside of $70,000.On the contrary, the break of these levels of support will show the continuation of bearish activity, and the next critical support level below it is $62,521. This will probably add to market uncertainty and could bring substantial volatility within range.Solana has had flatter performance this week after coming in contact with the critical $165 level. It comes after a decent cut for the general market, where most cryptocurrencies have lost value. Trading volumes, in any case, are showing that bearish momentum might be starting to stall out.The chart reveals SOL being held above critical support levels, mainly the 50-day and 100-day EMAs. This remains a positive indication that the asset has held above these moving averages. They are very indicative, though, that the asset is still in a bullish stage despite the pressure on the move to the downside at the moment.Buying interest in SOL remains steady despite falling volume from those levels at the beginning of the year. Gradually decreasing bearish volume is an early positive sign for buyers of a recovery in control.With overextended volume on the upper side, look for a move above to signal a new bullish extension phase. Note: If Solana drops through and cannot hold above the $150 support level, it may double top and decline, although that looks less likely now, given current indications.This article was originally published on U.Today More

TRALA, the fastest-growing and expansive all-in-one global Web3 game platform, is excited to announce it has successfully raised $5M from its fundraising rounds, with participation from prominent investors including Matter Labs, Animoca Brands, Gate Labs followed by 14 other global investors.Equipped with strategic support from various esteemed investors, TRALA has now set its sights on accelerating the growth of its gaming ecosystem. Gamers can expect to meet numerous high-quality games, including Gunship Battle mobile [150M cumulative downloads], Freestyle [160M cumulative downloads], and many more onboard in the coming months.Leveraging its robust lineup of 10+ popular games with over 400 million users and its established global marketing channels spanning all continents, TRALA is highly anticipated to introduce a new wave to the global Web3 game market.About TRALATo learn more about TRALA and stay updated on the latest news and events, users can join the conversation on the official TRALA Discord server. Userd can take part in the ongoing event to earn a special role and connect with like-minded individuals. Link: X, Discord, MediumContactCEOInYong(IVAN) ChungTRALA LABivan.chung@tralalab.meThis article was originally published on Chainwire More

BOOM.LOL, a groundbreaking platform for creating “safer meme coins” is launched on multiple chains with its memecoin generator product.The Rise and Risks of Meme CoinsMeme coins have become a ubiquitous part of the cryptocurrency landscape, often driven by social media trends and celebrity endorsements. Despite the potential for gains, the market is fraught with risks, notably “rug pulls,” where creators withdraw all liquidity, rendering tokens worthless and leaving investors with substantial losses. This “Wild West” environment hinders genuine innovation, overshadowing projects with real utility amidst the noise of ephemeral tokens.BOOM.LOL: Enhancing Safety for Meme Coin InvestorsBOOM.LOL addresses these challenges by offering a platform specifically designed to launch “safer meme coins.” By incorporating features that establish and lock liquidity pools, BOOM.LOL mitigates the risk of rug pulls, ensuring a continuous market for tokens. This structured environment promotes the development of sustainable, long-term projects, aiming to foster a more secure and innovative meme coin ecosystem.Benefits of Launching on BOOM.LOLBOOM.LOL operates on three chains – Arbitrum, Base, and Optimism – all emerging stars in the blockchain space, by attracting meme coin creators to this innovative, scalable platform, BOOM.LOL can help them gain wider traction. This creates a win-win situation: creators benefit from faster and cheaper transactions while these new chains gain increased visibility.Simplified Launch ProcessBOOM.LOL aims to eliminate the complexities associated with launching a meme coin. With a single click, creators can hatch their own coin. The platform streamlines the entire process by removing the complexities of smart contract creation, incubation, and potential listings on decentralized exchanges like Uniswap (though individual project merit plays a role). While still in beta, BOOM.LOL strives to be as user-friendly as possible.Building a Responsible Meme Coin FutureBOOM.LOL emphasizes the importance of responsible coin creation. While the platform makes launching a meme coin easier than ever, it also encourages users to focus on building fun, engaging projects with strong communities, rather than seeking quick profits by fostering a culture of responsibility, BOOM.LOL aims to reshape the narrative around meme coins, balancing safety with the inherent enjoyment of meme culture.About BOOM.LOLBOOM.LOL is a flagship service created by Manga DAO Inc. to extend the MangaFi service model.BOOM.LOL as a platform is designed to be an incubator for meme coins, aiming to make the process more accessible and secure. Built on Arbitrum, Base, and Optimism blockchains, BOOM.LOL allows anyone to launch their meme coin for a very low cost and provides a foundation for making meme coins “safer”.For more information, users can visit BOOM.LOL’sOfficial Website | Twitter |Telegram ChannelManga DAO Inc. 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.ContactPublic RelationsLara Ayeza BriñasManga DAO Inclara@mangafi.orgThis article was originally published on Chainwire More

After Bitcoin was quickly rejected at the $70,000 level in transactions at the beginning of the week, there were moves towards the $67,000 limit. Some market commentators emphasized the decline in momentum in the Bitcoin market, warning that its negative momentum could continue towards $65,000. However, Bitcoin maintaining the $67,000 range throughout the week made optimistic investors hopeful about the rise. As a result, there is an unstable outlook in the crypto market ahead of important inflation data.If the data to be announced today and tomorrow in the USA deviate from expectations, volatile transactions are expected to increase in risky asset markets.While unemployment applications and growth data in the USA today have the potential to increase volatility in the markets, the Personal Consumption Expenditures Price Index, which will be announced tomorrow, is seen as more important as inflation data closely followed by the Fed.Accordingly, it is estimated that consumer sentiment is higher than expected, which may put pressure on cryptocurrencies along with risky markets.While pessimistic comments about the crypto market predominated, the report of Blockchain analysis company Glassnode suggested that there were signs of a recovery in Bitcoin buyer interest. The report noted that long-term investors started saving again for the first time since December last year.While the overall outlook for the rest of the market remains negative, meme coins appear to be leading the decline in the top 100 cryptocurrencies. According to the latest situation, BONK, FLOKI, WIF, BOME and PEPE were the altcoins that fell the most in the last 24 hours.While NOTE, one of the market’s new crypto assets, differentiates itself positively from the market with a value increase exceeding 35%, there is no cryptocurrency in the top 100 that has recorded a value increase of more than 5% in the last 24 hours. More

PEPE’s impressive price performance in the last month has enabled the majority of its owners to turn a profit. According to IntoTheBlock data, more than 96% of PEPE holders became profitable after the last month’s rise. PEPE increased its value by 115% this month and also set a new record high at $0.000017256 .PEPE, which reached its record level at the beginning of this week, started to decline with accelerated sales throughout the rest of the week. PEPE, which dropped to $0.00001388 in the first half of the day, recovered slightly with reaction purchases from the lower region after losing more than 20% of its value from its peak. PEPE, which has suffered daily losses of up to 3%, is currently trading at $ 0.0000145.Blockchain monitoring platform Lookonchain reported in its post on X that a significant amount of PEPE was transferred from an anonymous crypto wallet to Binance. Following this transfer, PEPE saw losses exceeding 10% before recovering today.The major crypto investor reportedly sold his PEPE assets for approximately $9 million and made a 52% profit on the transaction, close to $5 million. The analysis platform that monitors the wallet account reported that the investor made this profit in less than a month.On the other hand, in today’s downward momentum, it was seen that PEPE and other high-capitalization meme coins were among the top 100 losing altcoins. Among these assets, PEPE recovered rapidly, while BONK/USD and FLOKI/USD maintained their place in the rankings as the assets that fell the most today, with losses of nearly 10%. More

President Joe Biden is reported to be interacting with key figures in the crypto industry during his election campaign, similar to his rival Donald Trump. This marks a significant change in the stance of the presidential candidates, who were previously known for their distant approach to the crypto sector.The team managing Biden’s election campaign has accelerated engagement with several crypto experts, considering that the crypto sector could have a significant impact on the presidential race.This approach became more evident with the response to a crypto-focused bill in recent weeks. Although the Biden Administration opposed the bill, it avoided stating that it would be vetoed, thereby adopting a more moderate policy.A similar situation applies to spot Ethereum ETFs. Some commentators, including Ark Investment’s CEO Cathie Wood, have characterized the surprising approval of Ethereum ETFs by the SEC as politically motivated.Former President Donald Trump, in his past statements, had expressed his unfavorable view of Bitcoin, seeing it as a threat to the dollar’s dominance and even calling it a fraud.However, Trump’s current approach to the crypto sector appears to have changed. He has promised to structure the future of cryptocurrencies, including Bitcoin, in the US as part of his campaign promises. Trump also emphasized that there are 50 million crypto investors in the US and expressed his support for citizens’ right to self-custody of their crypto assets.Moreover, Trump has started accepting campaign donations in BTC, ETH, and DOGE. There are also speculations that Trump might consider using Bitcoin to address the USA’s $35 trillion debt.As the elections approach towards the end of 2024, there is speculation that more moderate steps could be taken regarding crypto regulations based on election promises. If the presidential candidates fulfill their promises post-election, it is believed that crypto adoption in the US could increase more rapidly. More

Now that the first approval of the ETFs took place last week and the final one is expected to be announced after the approaching SEC meeting in June, large whales are starting to accumulate the second largest cryptocurrency, Ethereum.According to a recent tweet published by the popular crypto analyst Ali Martinez, there is now a massive increase in the number of new ETH wallets that hold 10,000 ETH or more. This indicates a shift from selling to accumulation, the analyst pointed out.According to Whale Alert, more than $5.1 billion worth of Bitcoin was moved from the exchange to a new wallet. Experts began sharing opinions on the X app that the embattled exchange had finally begun repaying its debt to creditors, who suffered immense financial losses when Mt. Gox collapsed in 2014.However, the platform’s former CEO, Mark Karpeles, tweeted that the funds were just being moved to a new wallet, and no immediate Bitcoin selling was happening by Mt. Gox. Currently, the new unmarked blockchain wallet created by Mt. Gox for further payouts to creditors holds 141,686 BTC, evaluated at roughly $9.62 billion. These were the first transfers to this wallet since 2019.A total of 142,000 BTC and 143,000 BCH are expected to be distributed to creditors before the end of October this year.This article was originally published on U.Today More