Dogecoin (DOGE-USD) has taken significant strides toward mainstream acceptance, particularly with Elon Musk, the CEO of Tesla (NASDAQ:TSLA), hinting at adopting it as a payment method for Tesla vehicles. During a recent visit to the Tesla Berlin Gigafactory, Elon Musk was asked about the possibility of purchasing Tesla vehicles with Dogecoin. Musk’s response? “At some point I think we should enable that.” This statement shouldn’t be a surprise as it aligns with Tesla’s innovative approach, having previously flirted with cryptocurrency payments. In 2021, Tesla briefly accepted Bitcoin (BTC-USD) before halting due to environmental concerns related to Bitcoin mining. Dogecoin’s Recent…
Author: Web3 Daily Press Staff
Solana’s (SOL-USD) DeFi ecosystem is facing major problems. The problems have been so dramatic that they’ve led to public allegations of misconduct on X, and massive withdrawals out of MarginFi. The core of the conflict centers on accusations among some of SOL’s leading DeFi platforms. MarginFi faced allegations of failing to distribute BLZE tokens due to blockchain congestion. MacBrennan Peet, MarginFi’s co-founder, denied these accusations, asserting that users were compensated more than due. He criticized the timing of these allegations as an orchestrated smear campaign. Things got more interesting when Rooter (0xRooter), founder of Solend, accused MarginFi of spreading false…
As Shiba Inu sharpens its strategy with a 300% increase in its burn rate and Chainlink (LINK) enthusiasts adjust their seat belts for an unpredictable ride in the price predictions arena, BlockDAG emerges as the new champion of the crypto. By surpassing expectations, BlockDAG’s presale momentum is unstoppable, reaching $16.4 million far ahead of its three-month target. With a price leap from $0.001 to $0.0045, showcasing a robust 350% growth, BlockDAG not only promises but proves its mettle as the best altcoin of 2024. Predicted to soar to $10 by 2025, it outshines Shiba Inu’s burn rate and Chainlink’s volatile…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Solana continues its bullish momentum, analysts are predicting a 5000% surge for the KangaMoon meme coin. Solana (SOL) has recently been bullish on-chart movements which has resulted in a major level of attention from investors and traders, and even caught the attention of major crypto analyst Altcoin Sherpa. Alongside it, Cardano (ADA) also experienced a climb in value, but the most significant gains were made by the KangaMoon (KANG) crypto. To see why this is the case, we…
Bitcoin Cash Open Interest and its price have fallen precipitously since its halving, wiping out any temporary boost in momentum before the April 4 event. Data from CoinGlass shows that as of April 12, the OI for Bitcoin Cash is $378.3 million, a staggering 47% lower than its peak of $708.5 million before the BCH halving. According to CoinMarketCap data, the majority of its price decline happened on April 10, when it saw a sharp drop of 7.51% within a three-out window following days of tight fluctuation between $676 and $691. The price of BCH dropped by 13% in tandem…
BNB Chain’s native token, BNB was trading at $624 as of 2:00 am EST, up 3% over the last 24 hours. BNB is up 7% over the last week and 16.5% over the last 30 days. The Binance exchange token is also bullish on longer timeframes after posting 110%, 202% and 100% gains over the last 90 days, six months and year-to-date, respectively. With a daily trading volume of $1,522 billion and a market capitalization of $93.3 billion, BNB reclaims its fourth position on the CoinMarketCap ranking. Are BNB bulls strong enough to scale the price higher? BNB price bullish…
Hong Kong is expected to approve Bitcoin and Ethereum exchange-traded funds (ETFs) as early as Monday, according to Bloomberg. According to sources familiar with the matter, the issuers expected to receive approval for spot-crypto ETFs are an international arm of Chinese asset manager Harvest Fund Management Co. and a collaboration between Bosera Asset Management (International) Co. and HashKey Capital. These firms intend to launch their respective ETFs by the end of the month, following final approval from the Securities and Futures Commission (SFC) and completion of listing details with Hong Kong Exchanges & Clearing Ltd. (HKEX). JUST IN: 🇭🇰 Hong…
As the Bitcoin halving is just 7 days away, the cryptocurrency’s price has stabilized at around $70,000, showing calmness before the upcoming event. But as mining difficulty reaches an all-time high, miners are worried about their profits after the halving. In the meantime, Kenn Bosak, a seasoned crypto influencer, believes Bitcoin needs to stay above $80,000 post-halving to keep mining profitable, or miners could face bankruptcy. Why Bitcoin To Trade Above $80K According to Bosak, there are three possible scenarios based on the current bitcoin’s price performance Bitcoin Remains Above $80K In this scenario, Bitcoin maintains its price above $80,000,…
Hype surrounding the upcoming Runes protocol saw Bitcoin meme coin PUPS jump some 50% in the past 24 hours as traders look to bet on Bitcoin-adjacent tokens and networks ahead of the halving.The meme coin was trading over $66 as of Asian afternoon hours with a $516 million market capitalization, making it the third-largest Bitcoin-based token behind ordi (ORDI) and sats (SATS).PUPS led global sales and volumes among all NFT collections, Cryptoslam data shows, with over $11 million in volumes. Uncategorized Bitcoin Ordinals collections and NodeMonkes were next with $7 million and $1 million in volumes – continuing a trend…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Investor excitement peaks for Rebel Satoshi’s RECQ as its presale wraps up, while market experts predict significant gains for Litecoin and Solana. FOMO is building around RECQ’s presale, prompting investors to amass the ICO coins before the tokens sell out. Meanwhile, Litecoin (LTC) and Solana (SOL) have retained a bullish momentum in the bearish market. RECQ presale: investors flock for imminent launch As Litecoin and Solana maintain their bullish momentum, investors rapidly turn their attention to the RECQ presale,…