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    Dogecoin Outperforms XRP, ADA in Crucial Metric in Past 6 Months: Report

    DOGE has almost beaten Bitcoin and Ethereum, but not quite. Bitcoin and Toncoin have reached new highs.Toncoin (TON) wallets have surged to a 16,800 high. However, this network has been growing at a much faster pace than BTC.Dogecoin follows this crypto with 27% growth and the 6.6 million wallet milestone achieved by now. Bitcoin and Ethereum have printed modest increases of 10% and 11%, however, their number of wallets has spiked to 53.9 million and 120.7 million, respectively.XRP and ADA are at the bottom of the list here, below Bitcoin. XRP nonempty wallets have increased by 7% (5.2 million in total), and ADA’s growth constituted 0%. The Cardano chain remains at the 4.5 million nonzero wallet level.Martinez explained that the correction Dogecoin is currently undergoing is normal for this meme coin and has been observed before DOGE broke into a bull run in the past.He referred to 2017, when DOGE broke out of a descending triangle pattern. In that year, the meme coin dumped 40% before it started on a massive 982% bull run. A similar scenario played out in 2021; a retracement by 56% occurred before a 12,197% surge and the all-time high. Currently, Dogecoin has again broken out of a similar pattern and is expected to ignite a bull run.This article was originally published on U.Today More

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    All Bitcoin ETFs Are Dropping Their Holdings

    This substantial decrease in Bitcoin holdings by ETFs coincides with the cryptocurrency’s price drop below the $60,000 mark, a critical support level that had previously been considered a strong threshold that held the market together. This price decline has led to significant outflows, indicating a shift in investor sentiment toward caution due to increased market volatility and potential risk aversion.BTC/USD Chart by TradingViewFrom the recent chart analysis, Bitcoin shows that it struggled to maintain levels above $60,000 and faced resistance near $61,018. Following the drop, the price found temporary footing around $52,107, suggesting a possible new lower boundary of support. Currently, Bitcoin is trading slightly above $59,375, trying to recover from recent falls but still below the critical resistance level.For Bitcoin’s price to exhibit growth and regain confidence among investors, it would need to consistently hold above the $52,107 (200 EMA) support level and ideally break through the resistance at $61,018. This movement would likely require positive sentiment across the market, possibly driven by rising demand for risky assets.Looking ahead, the key for Bitcoin will be its ability to stabilize and attract investors back to a bullish stance. If it successfully maintains above the mentioned support and breaks past the resistance, it could signal a turnaround to a bullish market. However, failure to do so might see the price testing even lower support levels, possibly around $50,000.This article was originally published on U.Today More

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    Galaxis Gears up for Token Launch: Announces $1,000,000 Creator and Community Member Grants & Bybit IDO

    Galaxis is preparing for this month’s token launch on Bybit, with the first phase commencing through the IDO. To further enhance this launch, Galaxis has announced a substantial $1,000,000 Community Creator and Community Member Grant Program. This initiative incentivizes both community creators and members for active engagement in the Galaxis ecosystem.Galaxis, known for its partnerships with Mike Tyson, Steve Aoki, and the NBA, promotes the Web3 creator movement by offering a platform for creators to benefit from their work. The platform’s distinctive feature is its customizable membership cards. These cards do more than just act as digital tokens; they encourage community support by offering perks and access to physical and digital experiences. It’s worth noting that Galaxis has seen significant success, with over 32,000 ETH traded in secondary markets and over $9 million USD secured through the Galaxis Engines.About Galaxis Community Creator GrantsGalaxis has pledged an impressive $1,000,000 in Creator and Community Member Grants with support from CoinMarketCap. This commitment is split between the Creator Grant Program and the Community Member Grant Program, each of which will be awarded with $500,000 over the next 12 months in return for their community engagement. The initiative encourages active community engagement and supports creators by offering monthly rewards based on membership tiers.To kickstart this initiative, creators can launch their community membership cards for free on Galaxis, and community members can attain Full or VIP Member status by topping up their cards with GALAXIS tokens. The more a community grows and the higher the tier members choose, the more the creators earn. Both creators and community members can benefit from exclusive perks of their chosen membership tier.”We are truly excited about the $1,000,000 Creator and Community Grants. Our mission has always been to support and empower creators. This initiative stands as a testament to that commitment, providing both the support and theplatform creators need to thrive,”Andras, CEO of Galaxis.For more detailed information about the grant programs and how they work, please refer to the official Galaxis website.Token Launch on BybitGalaxis, a leading platform for creators, is preparing for an exciting dual launch – both its token and platform are set to be unveiled. The first phase of the token launch is an Initial DEX Offering (IDO) on Bybit, which is set to commence on the 3rd of May. This success lays a strong foundation for the upcoming launch and the continued growth of the Galaxis ecosystem, reinforcing Galaxis’s position as a key player for creators.For further details about the token launch and how to engage, users can visit the official Bybit website.ContactAndras K.info@galaxis.xyzThis article was originally published on Chainwire More

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    ‘Rich Dad Poor Dad’ Author Kiyosaki Unveils 6 Key Crash Rules

    Central to Kiyosaki’s warnings is the belief that the current economic landscape is destined for a significant crash, which he claims has already begun. However, he offers a silver lining, emphasizing that crashes present unparalleled opportunities for astute investors to amass wealth.Among his key rules is a caution against impulsively investing during market turbulence, advising against catching “falling knives.” Instead, Kiyosaki advocates for patience and strategic decision-making, waiting until asset prices have bottomed out before making any moves.Furthermore, he underscores the importance of education, urging individuals to seek out reputable sources of information and to surround themselves with like-minded individuals who share their financial goals. Kiyosaki emphasizes the need to be discerning when choosing mentors and influencers, pointing to specific experts in real estate, taxes, stocks and commodities.As Kiyosaki continues to warn of an impending crash and uncertainty looming over traditional financial markets, many are turning to alternative assets and embracing Kiyosaki’s philosophy of turning crises into opportunities for wealth creation, involving Bitcoin as well.This article was originally published on U.Today More

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    Chronicle Oracles Arrive on zkSync

    Chronicle Protocol is proud to announce the launch of support for zkSync. Scribe, blockchain’s first fully verifiable and cost-efficient Oracle (NYSE:ORCL), is live now on zkSync Era. Chronicle Protocol’s integration of zkSync unlocks decentralized, secure, and resilient price feeds for over 100 dApps already in the ecosystem.Chronicle has launched on zkSync Era with its core Oracles, BTC/USD and ETH/USD, with more price feeds such as USDT/USD, USDC/USD, and WSTETH to follow.With Scribe’s arrival on zkSync Era, builders will immediately gain access to these huge cost-saving benefits without compromising on the security, resilience, or decentralization of the Oracle network. Values alignedChronicle was the first Oracle on Ethereum back in 2017. It has long been a proponent of the “Ethereum approach”. Therefore, preserving its foundational values—freedom, self-sovereignty, and decentralization—values that both Chronicle and zkSync are built on—makes this integration a perfect fit in more ways than one. Chronicle is delighted to build together with those on the zkSync ecosystem.If users are interested in bolstering their protocol, DeFi Dapp, or anything else with a custom Oracle designed by Chronicle, or would like to integrate any of its existing real-time price feeds, they are encouraged to reach out directly via Discord or email to gm@chroniclelabs.org.The TL;DR on ScribeChoosing an Oracle to secure a protocol and its TVL is the most important consideration of them all. With that in mind, Chronicle Protocol has prepared a short rundown of the questions every Oracle user should have definitive, verifiable answers to and how Scribe stacks up:Where does the data come from?Chronicle Scribe displays every data source in real-time and historically via The Chronicle, its on-chain dashboard. Users can pick an Oracle, choose a time and date on the graph, and click the drop-down arrow on any validator to see which exchanges were queried for the price data.Caption: wstETH/USD Oracle sources & valuesOracle providers that use low volume and low liquidity exchanges or liquidity pools for data sources are the reason behind most DeFi protocol attacks. Every Oracle protocol should provide complete data source transparency to their users, and in a cryptographically verifiable way – not merely through words and images. Users are encouraged to seek verification rather than relyingsolely on trust.How many validators or signers does the protocol have?At Chronicle, protocol actors are referred to as validators. Other providers might call them signers or Oracles. These actors operate the nodes within the protocol that attest to the integrity of the reported data, such as the price of BTC/USD at a specific time.This is how to establish truth in an Oracle network. Enough of these nodes must report back with the requested data to develop a consensus. However, if a bad actor can gain control of the majority of these nodes, they can manipulate the reported data. Therefore, the more validators or nodes an Oracle protocol has and the more distributed (or decentralized) they are, the more secure it is from being hacked. Using The Chronicle, anyone can see who Chronicle Protocol’s validators are, which cryptocurrency pairs or Oracles they are sourcing data for, and when their reported data was last updated.Scribe is the first Oracle design to pioneer the use of Schnorr signatures. This allows Chronicle Protocol to scale to an unlimited number of validators. No other Oracle protocol can achieve this as they all use an implementation of ECDSA that has a linear relationship between the number of validators and the cost of operating the Oracle. Oracle networks constructed in this way must keep validator or signer numbers low to maintain a lower operating cost, sacrificing better security and decentralization.Caption: A real-time view of the protocol validators from The Chronicle dashboardWho are the protocol validators or signersKnowing the identity of the validators is just as important as the total number. This is because an actor running a node can report any data they please. For example, they could have the node report that BTC is worth $10,000 when the market value is $40,000, creating an attack vector and draining the DeFi protocol the Oracle ‘secures.’Therefore, decentralized and distributed nodes should be at the top of your Oracle provider shopping list unless you want your Oracle provider to have the power to drain your project. Right now, more than one Oracle provider runs all or the majority of its protocol’s nodes themselves, securing millions of dollars of TVL. Nothing stops them from draining your project if they get compromised. This is the risk of using a centralized Oracle.At Chronicle, all of our validators are distributed and identifiable, and many are operated by well-known brands with a good reputation and track record—projects such as MakerDAO, Infura, Gnosis, Gitcoin, Etherscan, and DeFi Saver. Our goal is to create a validator community of some of the most used protocols in the space, creating a positive feedback loop of increasing security and decentralization. What does it cost to operate the Oracles?Oracles are very gas-hungry. For example, every time the BTC/USD Oracle (or Feed) updates to the latest price, this has a gas cost as it is required to post the result on-chain. Regardless of L1 or L2, the more updates, the more cost, and the Oracle provider shoulders that cost. Therefore, many Oracle providers look to update the data less frequently. This creates stale data and opens up opportunities for arbitrage, with both the Dapp and the user of the Dapp losing out.With Scribe, we have tackled the underlying engineering problem behind the high cost of operating Oracles. The result is an Oracle that costs up to 6x less than Chainlink to update and 3.5x less than Pyth (on L1 and L2). This was achieved using Schnorr signatures – to read more about that, check out this research report by Token Terminal. About Chronicle ProtocolChronicle Protocol is a novel Oracle solution that has exclusively secured over $10B in assets for MakerDAO and its ecosystem since 2017. With a history of innovation, including the invention of the first Oracle on Ethereum, Chronicle Protocol continues to redefine Oracle networks. A blockchain-agnostic protocol, Chronicle overcomes the current limitations of transferring data on-chain by developing the first truly scalable, cost-efficient, decentralized, and verifiable Oracles, rewriting the rulebook on data transparency and accessibility.Website | Community | X | LinkedIn ContactPeter Padovanomatterlabs@mgroupsc.comThis article was originally published on Chainwire More

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    Jonnathan Saborio Announces Smart Profit Global’s Mission to Democratize Blockchain Technology

    In the often confusing and jargon-heavy world of blockchain and decentralized finance, one company is on a mission to lower the barriers to entry. Smart Profit Global, led by visionary entrepreneur Jonnathan Saborio, has built a comprehensive ecosystem designed to help anyone confidently navigate and benefit from the burgeoning decentralized economy.What sets Smart Profit Global apart in the crowded blockchain space is their focus on accessibility and education. Initiatives like their proprietary CHEF Method aim to demystify complex topics and empower users with the knowledge they need to make informed decisions. By breaking down key concepts into engaging, easy-to-understand content, Smart Profit Global is working to take blockchain technology from an insider’s niche to a mainstream financial tool.Their platform offers a diverse range of blockchain-based applications and services, including Smart Profit Global’s blockchain infrastructure solutions, Smart CryptoLottery’s innovative gaming platform, Smart Real Estate’s tokenized property marketplace, and Smart Future Income’s unique approach to rewards programs. By leveraging the power of decentralized technologies across these verticals, the company aims to demonstrate the transformative potential of the blockchain economy and make it more accessible to a wider audience. While the blockchain space is known for its volatility and risks, Saborio and his team are committed to building trust through transparency, security, and a focus on real-world utility.Of course, in an industry known for its volatility and risk, trust is paramount. That’s why Smart Profit Global prioritizes transparency and security across their ecosystem. And with a growing community of satisfied users sharing their success stories, it’s clear that Saborio and his team are winning over converts.As blockchain technology continues to evolve at a breakneck pace, having a trusted guide is more valuable than ever. With their commitment to accessibility, education, and wealth-building potential, Jonnathan Saborio and Smart Profit Global are positioning themselves as that essential partner – and opening up a new financial frontier for pioneers ready to seize the opportunity.About Smart Profit GlobalSmart Profit Global is a holding company that owns and operates Smart CryptoLottery, Smart Real Estate, and Smart Future Income. These blockchain-focused businesses offer a range of innovative solutions across finance, gaming, real estate, and rewards programs.ContactCEOJonnathan SaboríoSmart Profit GlobalCEO.general@spiglobal.netThis article was originally published on Chainwire More

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    Bitbot’s Presale Passes $3M After AI Development Update

    AI-powered Telegram trading bot, Bitbot, has surged past the $3M mark in its presale after outlining its updated product offering. Bitbot now includes a layer of AI development on its blockchain analysis tool, Gem Scanner. The project has hurtled into stage 12 of its short 15-stage presale due to end this quarter, at which point the BITBOT token will be unleashed upon the open market. The Bitbot community now numbers over 140k, with 110k+ followers on X and a Telegram channel approaching 30k. Bitbot’s team hopes to convert a good portion of this into paying customers when the product launches this year.The presale has been supported by Bitbot’s recent rebrand, which includes a new website with updated visuals and, most crucially, a spotlight on Bitbot’s AI features. Bitbot’s team is optimistic that investing in AI to boost its trading engine is one of the factors likely driving the heightened interest in the presale.Bitbot is establishing its status as a game-changing project by offering the world’s first non-custodial Telegram trading platform, ensuring users’ funds only transfer once trades are complete. This is combined with an arsenal of AI trading weapons that give retail investors the firepower they need when competing against the institutions. Bitbot (BITBOT) is available to buy on the official site.The Gem Scanner scours top data aggregators such as DEX Screener and Birdeye while combining social media feeds to make predictions based on both market data and audience sentiment.This productivity-boosting tech eliminates the reliance on conducting hours of meticulous market analysis. It will typically appeal to retail traders and therefore help drive production adoption. With this offering, the team hopes to see Bitbot take market share away from key competitors Banana Gun and Maestro over the coming year.And with demand for AI features outstripping capacity to supply the market, the industry appears poised for sustained growth. This is supported by sector predictions, which lay out an expected compounded annual growth rate (CAGR) of 28.4% per year until 2030.Blockchain offers a similar story, with a CAGR of 24% projected. AI crypto tokens are currently valued at just under $20 billion, with a daily trading volume of around $900 million, according to CoinGecko.Bitbot has repositioned itself to meet this growing demand for AI in the crypto market by offering a range of advanced technologies.Speaking on the decision to refocus efforts towards AI capabilities, Bitbot’s Technical Product Officer, Andrew Jacobs, said:“Our mission has always been to give our users the tools that have enabled institutions to dominate financial markets, and the benefits our AI offers are the best equalizer we’ve seen on the market so far. Plus, AI positioning is currently generating great returns for many projects in the space, and we predict BITBOT holders will feel the benefit of this.”Within the Telegram bot sector, there is plenty of precedent for strong performance as well. Competitors like Banana Gun have experienced 200% rallies in just six months, and in early April, they saw 80x gains from early presale price. With its enhanced security and AI iterations on these first-generation products, the Bitbot team is optimistic about surpassing these results.Audited by Solid Proof, Bitbot focuses on security and follows the motto, “Your keys, Your wallet, Your assets.” To this end, the project has partnered with Knightsafe to deliver the world’s first non-custodial telegram trading bot, mitigating counterparty risk and reinforcing this with anti-MEV and anti-rug technology.For more information, users can visit the website.Official Website | Whitepaper | SocialsBitbot 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.ContactBitbot Press TeamBitbotpr@bitbot.comThis article was originally published on Chainwire More