Prominent crypto analyst EGRAG maintains his sights on the $2.3 target for VeChain (VET) amid the emerging bull market. Recently, EGRAG released an update reaffirming his belief that VET holds the promise of granting investors financial independence. The analyst had set his eyes on three target points for VET last December. However, even the target in the closest range failed to materialize two months later. Yet, the analyst is expressing heightened confidence in the asset’s potential. In his latest update regarding VET’s ability to break holders free from financial constraints, he pinpointed a critical condition necessary to realize his targets.…
Author: Web3 Daily Press Staff
In the modern world, change is inevitable and vehicles of change are popular. Projects that cause huge positive change have huge appeal and tend to be more valuable. Cryptos are much the same, popular and bring high returns due to the change they bring. We highlight the change behind various crypto projects and if they are worth investing in. First, we highlight the most popular stablecoin, Tether (USDT). Then we look at Toncoin (TON). Our final token is DeeStream (DST), a new revolutionary project. Tether (USDT): Dollars and Blockchains The dollar is one of the most popular currencies in use.…
Crypto firm, SafeMoon, filed for Chapter 7 bankruptcy with the United States Bankruptcy Court of Utah State on December 14.Safemoon’s Chapter 7 bankruptcy filing represents the voluntary liquidation of the company, which has an estimated asset value of $10 million to $50 million.The bankruptcy filing comes nearly a month after the U.S. SEC accused Safemoon of fraud and security law violations. Safemoon bankruptcy filing – gov.uscourts.utbOn November 2, the SEC charged Safemoon executives for $200 million of project development funds, which they allegedly used for personal expenses and investments.Following the bankruptcy filing, the project’s SFM token dropped over 50% in…
Polkadot (DOT) has exciting news to share! They’ve just announced the release of their highly anticipated community coin, PINK. PINK holds a special place in the Polkadot community, with its total supply capped at 2,300,001,221. This number is a nod to Polkadot’s RGB color code, adding a unique touch to its launch on Polkadot AssetHub. Let’s take a look at this Polkadot pink article in more detail. How will Polkadot pink be distributed? Polkadot is thrilled to introduce its latest addition to the community: PINK, a memecoin designed to spark participation and nurture growth within the ecosystem. This exciting initiative signals a big…
The first NFT on the XRP Ledger (XRPL), XPUNKS, has announced its exit from the network. XPUNKS disclosed moving to the Solana blockchain in its bid to operate on a fairer ecosystem. XPUNKS triggered the NFT frenzy of 2021 on XRPL. But its quest for more growth and a richer NFT culture now takes it to Solana, a rival network. XPUNKS Stages A Dramatic Exit From XRP Ledger The team behind XPUNKS took to the project’s X official account on March 19 to announce the migration. The post, which also contained a video, was titled “New Beginnings @Solana.” New Beginnings…
The IOTA price prediction forecasts a rollercoaster journey, while the Celestia TIA token experiences a surge post-Polygon partnership, highlighting its innovative blockchain solutions. Meanwhile, the new kid on the block, BlockDAG, is making headlines as a layer 1 blockchain contender, captivating investors with its robust presale and promising a diversified future in the fast-paced world of cryptocurrency. Overview of IOTA Price Predictions In March 2024, the IOTA price prediction revealed varied forecasts. CoinCodex signals a bearish short-term with a 12.67% increase to $0.326332, advising caution due to volatility. MarketBeat lists IOTA at $0.39, hinting at stability. CoinCheckup is optimistic, predicting…
Longtime Dogecoin-Bull Says He’s A ‘Big Fan’ Of ADA And It Didn’t Happen Overnight: ‘You Either Love Cardano Or Not’ Benzinga – David Gokhshtein, a well-known advocate for Dogecoin (CRYPTO: DOGE), recently expressed his admiration for Cardano (CRYPTO: ADA), attributing it to his long-standing interest in the cryptocurrency. What Happened: Gokhshtein, the founder of Gokhshtein, took to social media platform X formerly known as Twitter to voice his support for ADA. “I’ve always been a big fan of $ADA. That didn’t just happen overnight. You either love Cardano or not,” he wrote. I’ve always been a big fan of $ADA.…
Solana outperforms Ethereum in terms of Capital Efficiency. Even though Solana’s ecosystem saw growth, the price of SOL witnessed volatility. Solana [SOL] has been on a roll over the last few weeks as its prices have surged due to the rising popularity of the network. One of the reasons for the growing popularity of Solana would be its Capital efficiency. Solana takes the lead Capital efficiency, crucial in Traditional Finance (TradFi), reflects a company’s adeptness in utilizing financial resources. In DeFi, it underpins protocol vitality and sustainability, driving maximized returns, competitive edge, liquidity enhancement, risk reduction, and innovation promotion. Liquidity…
Several altcoins have emerged as front-runners in terms of development and community engagement. According to recent blockchain analytics by Santiment, Chainlink, Cardano, and Polkadot lead the pack with the most significant github activity over the past 30 days. This metric, an indicator of non-redundant project contributions and enhancements, positions these digital assets as key players in the blockchain innovation race. Chainlink, Cardano, Polkadot Stand Out Chainlink, known for its decentralized oracle network facilitating smart contracts, has shown remarkable development efforts. Analyst Michaël van de Poppe highlighted Chainlink’s recent successful retest of support levels, suggesting an optimistic trajectory for its value.…
BlockDAG (BDAG) is rapidly carving its niche in cryptocurrency. Its presale has crossed the $6.3 million mark, signalling strong investor interest that dwarfs the ongoing narratives around Cardano and Toncoin. As the crypto market navigates through waves of volatility and growth spurts, BlockDAG emerges as a formidable player, showcasing its potential to redefine blockchain technology. Toncoin’s Market Surge: A Glimpse into Future Potential Due to strategic endorsements and notable partnerships, Toncoin has been in the spotlight, witnessing a significant price surge. Despite this growth, questions about its long-term trajectory linger. The coin’s success hinges on broader adoption and continued technological…