Cryptocurrency

According to analysis, Bitcoin (BTC) is set to keep on going up against precious metal over the next 12 to 18 months. He foresees that the number of gold ounces needed to buy one Bitcoin would eventually reach 100, which would mean a 344% rise in Bitcoin’s current value compared to gold.Brandt’s forecast is backed up by a chart he shared, showing how Bitcoin has performed historically against gold. If Brandt’s prediction comes true, Bitcoin fans could see some big returns on their investments as the digital currency outperforms the traditional safe-haven asset.As it stands now, the price of the major cryptocurrency has settled at 29 ounces of gold or $68,000 per BTC. The next 12 to 18 months will be key to seeing if Brandt’s bullish prediction comes true.While Bitcoin continues to gain mainstream acceptance and attract institutional interest, the financial community remains divided on its long-term viability and worth. This article was originally published on U.Today More

Crypto prices took little relief from an overnight decline in the dollar, as fears of high-for-longer interest rates remained in play despite a downward revision to first-quarter gross domestic product data.Bitcoin added 1.1% in the past 24 hours to $68,558.5 by 08:32 ET (12:32 GMT), and was set to rise nearly 13% in May.But despite its gains for the month, the token still remained within a $60,000 to $70,000 trading range established since mid-March. Rate fears were the biggest factor behind Bitcoin’s rangebound performance, as the prospect of high interest rates dampened the price outlook for the token and the broader crypto market. A slew of Federal Reserve officials warned in recent sessions that the central bank had little confidence that inflation was easing, which in turn clouded its plans to begin trimming interest rates.Their comments came ahead of key PCE price index data, which is the Fed’s preferred inflation gauge. The reading is due later on Friday and is expected to show inflation cooled slightly in April, but remained well above the Fed’s 2 annual target.The prospect of high for longer rates bores poorly for crypto markets, given that it heralds tight liquidity and diminishes the appeal of high-risk, speculative assets. Broader crypto markets saw mixed performance on Friday.World no.2 token Ether climbed over 1.7% to $3,807.08. But the altcoin was set to add nearly 25% in May, with a bulk of its gains coming over the past week after the Securities and Exchange Commission marked some progress towards the approval of an exchange-traded fund that directly tracks the token. But a decision on the actual listing of a spot Ether ETF was yet to be made. In the meantime, XRP traded flat, while Solana added 1.5%. SOL was also a standout performer in April, up 30%.A New York jury found former US president Donald Trump guilty in the much-discussed hush money trial.Following the news, TRUMP meme coin crashed rapidly by as much as 35%. However, the crypto asset later recovered, and was trading up 19% at the time of writing.The jury on Thursday found Trump guilty on all 34 counts of falsifying business records, making him the first U.S. president convicted of a felony.Meanwhile, other meme coins saw limited price action, with DOGE/USD remaining flat and Investing.com Shiba Inu Index dropping 0.3%. However, PEPE/USD was trading 10% higher. More

On May 29, Schwartz took to his X account to make an announcement that during this blockchain conference he and the cofounder of the EasyA app Phil Kwok will unveil Ripple’s vision and roadmap for institutional DeFi on XRP Ledger.Besides, according to an earlier tweet by Ripple Labs, Schwartz planned to give a public talk about multichain interoperability, EVM programmability, RWA tokenization and many other important matters.Recently, the Ripple CTO made a statement important to the XRP community – he confessed that he has never dumped any XRP to buy other cryptocurrencies. However, he did dispose of Bitcoin to buy more XRP and ETH.The last time Schwartz found himself doing that was in early May, when the Ripple top executive tweeted that this idea about him being the Bitcoin founder is “not true, but plausible.” The reason he gave this time when refuting the allegations is that he does not know Qt – a popular tool for software development, which was used in the Bitcoin code.Nik Bougalis, Ripple’s ex-director of engineering, is also believed to be Nakamoto by some in the crypto community. Schwartz mentioned that Bougalis does know Qt, but still, it is “not true but plausible,” Schwartz tweeted.This article was originally published on U.Today More

CARV, the largest modular data layer for gaming and AI, announced today a strategic investment from Animoca Brands, the company advancing digital property rights for gaming and the open metaverse. In addition, Animoca Brands will become an operator of CARV’s Tier 6 verifier nodes in support of CARV’s decentralization of its data layer. The partnership will facilitate deeper integration and long-term synergies as they expand their respective gaming and open metaverse ecosystems.Founded as a gaming credential platform, CARV has evolved into a modular data layer protocol with strong traction from over 2.7 million users, 790 integrated games, and partnerships across major chains like Linea, BNB Chain, zkSync, and Ronin. The company has come good on its gaming credential roots by initiating ERC-7231, the standard approved by the Ethereum Community that binds multiple Web2 and Web3 identities to a single NFT, and partnering with the likes of Google (NASDAQ:GOOGL) Cloud and Netmarble’s web3 arm, MARBLEX.To support rapid scaling and growth, CARV is introducing community-operated verifier nodes that scrutinize outcomes at each protocol layer. These nodes are crucial for maintaining decentralization, security, and equitable value redistribution as the network expands. CARV aims to accelerate user onboarding and adoption to grow the pie for all stakeholders in its user-owned data ecosystem through partnering with Animoca Brands as a strategic node operator, relying on their experience and expertise in operating various blockchain infrastructures. Node holders will have the option for one-click delegating to Animoca Brands for node operations, ensuring network uptime and robustness.The rewards from node operations will initially be in the form of $veCARV, the staked version of CARV tokens. This also allows Animoca Brands and its portfolio of more than 400 gaming and metaverse companies to participate in CARV’s Infinite Play, a token-lock voting bribery system (CURVE & CONVEX model for gaming) for governance voting. About CARVCARV is the largest modular data layer for gaming, AI, and ∞, pioneering a future where data generates value for all. As the sole author of ERC7231, CARV has built CARV Protocol, the modular data layer which has integrated with 40+ blockchains, Google Cloud, and other identity, storage, infra and AI providers. CARV’s flagship gaming superapp, CARV Play, is integrated with more than 790 web2 & 3 games and serving 2.7M+ gamers. CARV is backed by top-tier funds and ecosystems such as Temasek’s Vertex (NASDAQ:VRTX) Ventures, ConsenSys (developer of Metamask), Tribe Capital, IOSG Ventures, Animoca Brands, HashKey Capital, Infinity Ventures Crypto, MARBELX, and more. For more information, users can visit carv.io.About Animoca BrandsAnimoca Brands (ACN: 122 921 813), a Deloitte Tech Fast winner, a Fortune Crypto 40 company, and one of the Financial Times’ High Growth Companies Asia-Pacific 2023, is a Web3 leader that leverages blockchain to deliver digital property rights to consumers around the world to help to establish the open metaverse. The company develops and publishes a broad portfolio of products including original games such as The Sandbox, PHANTOM GALAXIES™, Life Beyond, and Crazy Defense Heroes, and products utilizing popular intellectual properties from the worlds of sports and entertainment, such as The Walking Dead, Power Rangers, MotoGP™, and Formula E. It has multiple subsidiaries, including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Forj, Lympo, Animoca Brands Japan, Grease Monkey Games, Eden Games, Darewise Entertainment, Notre Game, TinyTap, SPORTPASS, PIXELYNX, WePlay Media, Gryfyn, and Azarus. Animoca Brands is one of the most active investors in Web3, with a portfolio of over 400 Web3 investments, both directly and through Animoca Ventures, including Yuga Labs, Axie Infinity, Polygon, Consensys, Magic Eden, Fireblocks, OpenSea, Dapper Labs, Yield Guild Games, and many more. For more information users can visit www.animocabrands.com or follow on X (Twitter), YouTube, Instagram, LinkedIn, Facebook (NASDAQ:META), and TikTok.ContactCo-Founder & COOVictor [email protected] article was originally published on Chainwire More

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 [email protected] 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 [email protected] 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 [email protected] article was originally published on Chainwire More