📉 Over the past year, the top 10 memecoins have taken a hit, with an average price drop of 63.73% from their all-time highs, according to Lookonchain analysts.
Do you still have memecoins?
⚡️ - Yes, I do
🔥 - Sold them all.
🐳 - Never bought any.
🤝 @Cryptocurrency_Inside ✅
Do you still have memecoins?
⚡️ - Yes, I do
🔥 - Sold them all.
🐳 - Never bought any.
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🇯🇵 NEW: Metaplanet, a leading Japanese Bitcoin investor, has partnered with Ripple’s associate SBI VC Trade to enhance its Bitcoin trading, storage, and financial strategy.
🤝 @Cryptocurrency_Inside ✅
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At the end of August, Bitcoin decreased by 8.6%, while Ethereum fell by over 22%. 📉
As is often the case, the summer season proved to be a challenging period for the cryptocurrency market. 🤷
🤝 @Cryptocurrency_Inside ✅
As is often the case, the summer season proved to be a challenging period for the cryptocurrency market. 🤷
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$SOL has been down for 9 days straight, a record for Solana
After 8 red days, it previously bounced back with +10.75% and +14.22%.
Will $SOL break the resistance ahead?
🔥 - Yes, hopefully
⚡️ - No
🤝 @Cryptocurrency_Inside ✅
After 8 red days, it previously bounced back with +10.75% and +14.22%.
Will $SOL break the resistance ahead?
🔥 - Yes, hopefully
⚡️ - No
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Elegant Scam 🕺
🤠 Frontier recently converted their $FRONT tokens to $SLF as part of a rebranding effort.
▪️ The conversion was 1:1, but the total token supply increased fourfold!
Interestingly, only 11 wallets voted on the rebranding proposal, with no votes against it.
A single whale held 99% of the votes 🐳
Ah, the wonders of decentralization! 😁
🤝 @Cryptocurrency_Inside ✅
🤠 Frontier recently converted their $FRONT tokens to $SLF as part of a rebranding effort.
▪️ The conversion was 1:1, but the total token supply increased fourfold!
Interestingly, only 11 wallets voted on the rebranding proposal, with no votes against it.
A single whale held 99% of the votes 🐳
Ah, the wonders of decentralization! 😁
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😇 Charles Hoskinson has been found!
He is ending his vacation and thanking everyone who has been there for him over the past decade.
🤝 @Cryptocurrency_Inside ✅
He is ending his vacation and thanking everyone who has been there for him over the past decade.
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THROWBACK: 💰 Preston Pysh explains how a $500K+ #Bitcoin is possible because of the conviction of HODLers who know what they own
🤝 @Cryptocurrency_Inside ✅
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Forwarded from Bitcoin Insights
TON Crashes 94%! 😱
TON has dropped to $0.30
on CoinMarketCap 📉
It's not even showing in the top 10! But don’t worry, it’s just another network glitch. 💻😵💫
➡️ @Bitcoin_Insights
TON has dropped to $0.30
on CoinMarketCap 📉
It's not even showing in the top 10! But don’t worry, it’s just another network glitch. 💻😵💫
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Ethereum Layer-1 Revenue Collapse: What's Behind the Drop? 📉
👀 Since the Dencun upgrade on March 13, 2024, Ethereum's layer-1 network revenue has plummeted by 99%! Despite a surge in layer-2 (L2) user activity and transactions—both doubling since March—fees for layer-1 transactions have dramatically dropped from $35.5M to just $578,000. 🙀
The Dencun upgrade, aimed at reducing layer-2 fees, has led to an explosion of competing L2 solutions. With 74 L2 and 21 layer-3 projects now vying for users, the race to offer the lowest fees has intensified, driving more activity off the Ethereum base layer. 🧐
This fierce competition has driven transaction costs down, counteracting the deflationary effects of EIP-1559 and causing a steady increase in ETH supply. Therefore, Ethereum has ceased to be a deflationary asset, which can negatively affect its price. 🤷
Is the L2 boom causing Ethereum’s base layer to suffer? 🤔🔍
🤝 @Cryptocurrency_Inside ✅
👀 Since the Dencun upgrade on March 13, 2024, Ethereum's layer-1 network revenue has plummeted by 99%! Despite a surge in layer-2 (L2) user activity and transactions—both doubling since March—fees for layer-1 transactions have dramatically dropped from $35.5M to just $578,000. 🙀
The Dencun upgrade, aimed at reducing layer-2 fees, has led to an explosion of competing L2 solutions. With 74 L2 and 21 layer-3 projects now vying for users, the race to offer the lowest fees has intensified, driving more activity off the Ethereum base layer. 🧐
This fierce competition has driven transaction costs down, counteracting the deflationary effects of EIP-1559 and causing a steady increase in ETH supply. Therefore, Ethereum has ceased to be a deflationary asset, which can negatively affect its price. 🤷
Is the L2 boom causing Ethereum’s base layer to suffer? 🤔🔍
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✊August saw the lowest cryptocurrency losses to scams since January 2021 (around $4.8 million, after $10 million was returned to Ronin Network)
👀However, this result is overshadowed by two scary phishing cases in August, which cost users $293 million.
🤝 @Cryptocurrency_Inside ✅
👀However, this result is overshadowed by two scary phishing cases in August, which cost users $293 million.
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TON Accelerator and TON Ventures have announced the launch of the TON Accelerator: Acc.
💰 This $2.5 million incubation program will support 5 startups working on the TON blockchain. Selected projects will get 3 months of growth support, funding, and expert assistance.
🔨 Oh, and CoinMarketCap is fixed now—TON is showing a current price of $5.16. 😉
🤝 @Cryptocurrency_Inside ✅
💰 This $2.5 million incubation program will support 5 startups working on the TON blockchain. Selected projects will get 3 months of growth support, funding, and expert assistance.
🔨 Oh, and CoinMarketCap is fixed now—TON is showing a current price of $5.16. 😉
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🔗 JUST IN: Ripple to integrate smart contracts into XRP Ledger, enhancing its capabilities with EVM compatibility and aiming to attract developers and expand use cases.
🤝 @Cryptocurrency_Inside ✅
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Over half a TRILLION dollars have been erased in market cap today by the Magnificent 7.
The last time we saw stocks erase this much, the total crypto market cap saw a ~30% correction between Jul 22 - Aug 5.
Do you think history will repeat itself? 👀
🤝 @Cryptocurrency_Inside ✅
The last time we saw stocks erase this much, the total crypto market cap saw a ~30% correction between Jul 22 - Aug 5.
Do you think history will repeat itself? 👀
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NEW: 💰 $108 billion investment firm VanEck is predicting a $2.9 million #Bitcoin price by 2050
🤝 @Cryptocurrency_Inside ✅
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