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Bitcoin’s Influence Wanes at 58%: An Era of Opportunity for Altcoins?
Key Points
Bitcoin’s dominance struggles at 58% resistance level, possibly signaling a stronger altcoin season.
The altcoin season index has reached a six-month high, with ETH outperforming BTC.
Bitcoin’s [BTC] market dominance is facing a challenge at the 58% resistance level. This struggle could potentially pave the way for a robust altcoin season if Bitcoin’s market share continues to decline.
Historically, a decrease in BTC dominance has often led to a surge in altcoin values. Since 2023, Bitcoin’s dominance (BTC.D) has risen from 40% to a recent high of 58%.
Resistance at 58%
However, this 58% level also acts as a resistance point. If it remains unbroken, it could potentially pull Bitcoin’s dominance down. Many market analysts believe that such a drop could fuel an altcoin rally.
Altcoin Season at 6-Month High
The ETH/BTC ratio, a metric used to assess the health of the altcoin sectors, measures Ethereum’s value against Bitcoin. As Ethereum is the largest altcoin, this ratio also serves as a measure of the overall performance of the altcoin sector.
Since the Federal Reserve’s pivot on September 18th, Ethereum has outperformed Bitcoin. This performance suggests an improved altcoin performance over the same period, during which Bitcoin’s dominance has dropped by 2.5%.
Meme coins have shown a significant bounce back last week, leading the market recovery with Shiba Inu [SHIB] at the forefront. Monthly charts show Sui network [SUI], Bittensor [TAO], and Popcat [POPCAT] as the top performers for September, with double and triple-digit gains.
As of now, the Altcoin Season Index reading stands at 49, near neutral, marking the highest level since March. This highlights the impressive performance of altcoins in the past month.
Despite the heightened investor interest in altcoins, CryptoQuant’s founder has noted that a significant capital rotation from Bitcoin to altcoins has not yet begun. In other words, the altcoin season is gaining momentum and may present an upside potential for those who are exposed. Therefore, Bitcoin dips could be excellent opportunities to acquire more ‘cheap’ altcoins with significant potential.
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Top 10 High-Potential Altcoins for 2024
Introduction
In 2024, the cryptocurrency world has seen a significant rise in meme coins, with some even doing better than Bitcoin. This trend shows how the crypto market is changing, with alt memecoins capturing investors’ attention through humor and cultural relevance.
Key points to consider:
Meme coins like Dogwifhat have seen price increases of up to 1,300%.
Pepe and Floki have also made significant gains, showcasing strong market traction.
This article will explore the top 10 high-potential altcoins for investment in 2024. You will discover which altcoins are gaining traction and how they may fit into your investment strategy amidst changing cryptocurrency trends in 2024. Check out this latest alt memecoins guide to stay informed and make educated decisions in this exciting market.
Understanding Alt Memecoins
Alt memecoins are an intriguing part of the cryptocurrency world. Here’s what makes them unique:
What Are Memecoins?
Memecoins are cryptocurrencies inspired by internet memes or pop culture. They have a distinct identity that appeals to community feelings but usually lack the technological features of traditional cryptocurrencies.
Key Traits of Altcoins
Highly Unstable: Prices can swing wildly, leading to big profits or losses.
Community-Based: Their success depends heavily on active community involvement and social media buzz.
Easy to Access: Many memecoins are cheap to buy, attracting new investors looking for quick gains.
Why Do People Love Memecoins?
The charm of memecoins lies in their fun nature and the sense of community they create among investors. Their playful branding stands out against more serious cryptocurrencies like Bitcoin.
The Role of Pop Culture in Crypto
Pop culture plays a big role in shaping cryptocurrency trends. Viral memes and celebrity shout-outs can put alt memecoins in the spotlight, sparking investor interest and increasing trading activity.
When considering investments, it’s crucial to understand these factors to navigate this lively part of the crypto world effectively.
The Rise of Memecoins in 2024
Memecoins have shown remarkable market performance in 2024, often outperforming traditional cryptocurrencies. Recent metrics indicate substantial price surges, with some coins witnessing increases exceeding 800%. This trend has attracted both seasoned investors and newcomers eager to capitalize on the rapid gains.
Why Are Memecoins So Popular?
Several factors contribute to the spike in trading volumes for memecoins:
Social Media Influence: Platforms like Twitter and Reddit have amplified discussions around these assets, creating viral moments that drive trading activity.
Community Engagement: Strong community backing fosters loyalty and encourages participation in trading, further boosting volume.
Speculative Nature: Investors are drawn to the potential for quick returns, which is particularly appealing in a volatile market.
What’s Next for Memecoins?
Investor interest continues to grow as individuals seek alternatives to established cryptocurrencies. The appeal of memecoins lies not only in their entertaining origins but also in their capacity for rapid value appreciation. As such, they represent a unique opportunity for those willing to engage with this dynamic segment of the crypto landscape.
Top 10 High-Potential Altcoins for 2024
1. Dogecoin (DOGE)
Background and Evolution
Launched in 2013, Dogecoin began as a parody of Bitcoin, featuring the Shiba Inu dog from an internet meme. Its lighthearted nature attracted a diverse community, which has significantly contributed to its growth over the years.
Community Involvement
The strength of Dogecoin lies in its passionate community. This network has organized various events, fundraising campaigns, and social media initiatives that have bolstered its visibility and value. The community’s ongoing support plays a crucial role in maintaining investor confidence, making it one of the top altcoins to invest in 2024.
Current Market Position
As of 2024, Dogecoin has consistently ranked among the top cryptocurrencies by market capitalization. Its recent price performance illustrates resilience in volatile markets, further enhancing its attractiveness as an investment opportunity. Analysts suggest that continued community engagement and strategic partnerships could drive future growth, solidifying Dogecoin’s position as a leading altcoin.
Check out this latest alt memecoins for insights on potential investments that align with your financial goals.
2. Shiba Inu (SHIB)
Shiba Inu calls itself the “Dogecoin Killer” and has gained a lot of attention in the crypto world. Here are some key features:
ShibaSwap Ecosystem: This decentralized finance (DeFi) platform allows users to swap tokens and stake their assets, enhancing liquidity within the Shiba ecosystem.
Community Support: Backed by a passionate community, SHIB has cultivated strong engagement, which drives its market performance.
In 2024, Shiba Inu shows potential for significant growth. Its market performance demonstrates resilience against traditional cryptocurrencies, making it an appealing choice among the top altcoins to invest in 2024. Check out this latest alt memecoins for insights into future trends.
3. Bonk (BONK)
Bonk (BONK) is a Solana-based memecoin that aims to revitalize the ecosystem through community-driven initiatives. Its purpose revolves around fostering engagement within the Solana community, making it one of the top altcoins to invest in 2024.
Community Support Initiatives: The strong backing from its users has significantly impacted BONK’s valuation. Enthusiastic supporters organize events and marketing campaigns, driving interest and creating a robust network.
Future Growth Opportunities: As Solana continues to expand, BONK’s potential for appreciation remains promising. Increased adoption of Solana-based applications could further enhance BONK’s market presence.
Check out this latest alt memecoins for insights on how community strength can influence investment potential.
4. Pepe (PEPE)
Pepe coin emerged from the popular Pepe the Frog meme, quickly capturing the attention of cryptocurrency enthusiasts. Its appeal lies in both its humor and relatability, making it a standout among top altcoins to invest in 2024.
Market Capitalization Growth: Since its inception, PEPE has experienced significant increases in market capitalization, reflecting strong investor interest.
Cultural Relevance: The connection to internet culture enhances its popularity. As memes continue to shape social trends, Pepe coin benefits from this cultural resonance and community support.
Investors looking for promising options should check out this latest alt memecoins list that includes Pepe as a key contender.
5. Floki (FLOKI)
Floki is a Viking-themed memecoin that has captured the attention of investors looking for the top altcoins to invest in 2024. Its branding and thematic elements resonate with a strong narrative, inspired by the popular meme culture surrounding Dogecoin.
Key aspects include:
Integration with DeFi Services: Floki offers various DeFi utilities that enhance its value proposition.
Community Projects: The coin thrives on community support, engaging users through charity initiatives that align with its brand ethos.
An assessment of its investment potential reveals promising growth opportunities, making it a noteworthy contender among the top 10 high-potential altcoins for 2024.
FAQs (Frequently Asked Questions)
What are alt memecoins?
Alt memecoins are a category of cryptocurrencies that blend the characteristics of traditional altcoins with the cultural and humorous elements of meme coins. They often appeal to investors due to their community-driven nature and pop culture influences.
Why have memecoins gained popularity in 2024?
Memecoins have seen a surge in popularity in 2024 due to their impressive market performance, increased trading volumes, and heightened investor interest. Factors such as social media trends and community support have also contributed to their rise.
What are some examples of high-potential altcoins for investment in 2024?
Some high-potential altcoins for investment in 2024 include Dogecoin (DOGE), Shiba Inu (SHIB), Bonk (BONK), Pepe (PEPE), and Floki (FLOKI). Each of these coins has unique features and community support that enhance their investment potential.
How does community involvement affect the value of memecoins?
Community involvement plays a crucial role in the valuation of memecoins. Active communities can drive demand, create buzz around the coin, and foster loyalty among investors, which can ultimately lead to increased market value.
What is the significance of Dogecoin’s history?
Dogecoin’s history is significant as it showcases the evolution from a meme-inspired cryptocurrency to a widely recognized digital asset. Its strong community support has been pivotal in maintaining its market position and enhancing its future prospects.
What are some key features of Shiba Inu’s ecosystem?
Shiba Inu’s ecosystem includes the ShibaSwap decentralized finance (DeFi) platform, which allows users to trade tokens, provide liquidity, and earn rewards. The growth potential of Shiba Inu is bolstered by its vibrant community and ongoing development efforts.
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情報開発と利活用20240811
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プライバシーを第一に考え、著作権に配慮したコンテンツがWeb3の採用を促進するための鍵(Privacy-first, copyright-friendly content is key to driving Web3 adoption) 1セント未満で今購入すべき最善で安価な仮想通貨6選(6 Best Cheap Crypto to Buy Now Under 1 Cent) 「確かに国民殺しの省庁だわ、これは」国民殺しの省庁、財務省 先端技術情報2020811 (2)アルトコインのプレシーズンが到来 Altcoin Pre-Season is Here
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The post It’s Like Buying ETH for $1 – Discover Extremely Cheap and Bullish Altcoins Right Now appeared first on Coinpedia Fintech News Imagine snagging a top-tier cryptocurrency at rock-bottom prices. This article dives into the world of undervalue #Blockchain #Crypto
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Cryptocurrency Transforming the Financial LandscapeCryptocurrency Transforming the Financial Landscape
Cryptocurrency has emerged as a transformative force in the global financial system, offering a decentralized, transparent, and secure alternative to traditional monetary frameworks. Since Bitcoin's launch in 2009, the crypto space has grown exponentially, spawning thousands of digital currencies and reshaping how we think about money, investments, and financial transactions. At Mechabull.com, our professional experts are dedicated to exploring the intricacies of cryptocurrency, examining its potential, challenges, and the future it promises.
The Genesis of Cryptocurrency
The concept of cryptocurrency was first introduced with Bitcoin, created by the pseudonymous figure Satoshi Nakamoto. Bitcoin was designed as a peer-to-peer electronic cash system, allowing users to make transactions directly without intermediaries like banks. The underlying technology, blockchain, is a decentralized ledger that records all transactions across a network of computers, ensuring transparency and security.
Key Features of Cryptocurrency
Decentralization
One of the most significant features of cryptocurrency is decentralization. Unlike traditional currencies controlled by central banks and governments, cryptocurrencies operate on decentralized networks. This decentralization reduces the risk of centralized control and manipulation, promoting financial freedom and autonomy.
Security and Transparency
Cryptocurrencies use cryptographic techniques to secure transactions, making them highly secure and resistant to fraud. Blockchain technology ensures transparency, as all transactions are recorded on a public ledger that can be verified by anyone. This transparency fosters trust and accountability in the financial system.
Limited Supply
Many cryptocurrencies, like Bitcoin, have a limited supply, which creates scarcity and can drive value. Bitcoin, for instance, has a maximum supply of 21 million coins. This limited supply contrasts sharply with traditional fiat currencies, which can be printed in unlimited quantities, potentially leading to inflation.
The Cryptocurrency Market
Since Bitcoin's launch, the cryptocurrency market has seen explosive growth. Ethereum, launched in 2015, introduced the concept of smart contracts, allowing developers to build decentralized applications (dApps) on its platform. This innovation opened the door to numerous other projects and tokens, each with unique features and use cases.
Altcoins and Stablecoins
Beyond Bitcoin and Ethereum, there are thousands of alternative cryptocurrencies (altcoins) that serve various purposes. Some, like Litecoin and Bitcoin Cash, aim to improve upon Bitcoin's design, while others, like Ripple (XRP) and Stellar (XLM), focus on facilitating fast and cheap cross-border payments.
Stablecoins, such as Tether (USDT) and USD Coin (USDC), are another significant development. These cryptocurrencies are pegged to traditional fiat currencies like the US dollar, providing the stability of fiat with the benefits of cryptocurrency, such as faster transactions and lower fees.
Cryptocurrency Adoption and Use Cases
Cryptocurrency adoption is growing rapidly, with individuals and businesses recognizing its potential. Several industries are exploring how blockchain and cryptocurrencies can enhance their operations.
Financial Services
Cryptocurrencies offer numerous advantages in the financial services sector. They enable faster and cheaper cross-border transactions, reduce the need for intermediaries, and provide financial services to the unbanked population. Decentralized finance (DeFi) platforms, built on blockchain technology, are revolutionizing traditional financial services like lending, borrowing, and trading by eliminating intermediaries and offering more inclusive access.
Supply Chain Management
Blockchain technology is transforming supply chain management by enhancing transparency and traceability. Companies can use blockchain to track the journey of products from production to delivery, ensuring authenticity and reducing fraud. This increased transparency can improve efficiency and trust in supply chains.
Healthcare
In healthcare, blockchain can securely store and share patient data, ensuring privacy and improving data interoperability. Cryptocurrencies can facilitate secure and efficient payments within healthcare systems, reducing costs and enhancing patient access to services.
Challenges and Regulatory Landscape
Despite its potential, cryptocurrency faces several challenges. Regulatory uncertainty is a significant issue, as governments around the world grapple with how to regulate digital currencies. While some countries have embraced cryptocurrencies, others have imposed strict regulations or outright bans.
Security concerns also persist. While blockchain technology is inherently secure, the cryptocurrency ecosystem is not immune to hacking and fraud. High-profile hacks of exchanges and scams have resulted in significant losses for investors.
Moreover, the environmental impact of cryptocurrency mining, particularly Bitcoin, has raised concerns. Mining requires substantial computational power, leading to high energy consumption and carbon emissions. The industry is exploring more sustainable practices, such as transitioning to proof-of-stake (PoS) consensus mechanisms, which are less energy-intensive.
The Future of Cryptocurrency
The future of cryptocurrency is promising yet uncertain. Continued innovation and adoption will likely drive the market forward. Central bank digital currencies (CBDCs), being explored by several countries, could bridge the gap between traditional finance and cryptocurrencies, offering the benefits of digital currencies while maintaining government oversight.
As regulatory frameworks evolve, greater clarity and protection for investors will emerge, fostering trust and stability in the market. Technological advancements, such as layer-2 solutions and interoperability between different blockchains, will enhance scalability and usability.
At Mechabull.com, we are committed to staying at the forefront of cryptocurrency developments, providing expert insights and analysis to help navigate this dynamic and evolving landscape. Cryptocurrency holds the potential to reshape the financial world, offering new opportunities for growth, innovation, and financial inclusion.
Cryptocurrency has emerged as a transformative force in the global financial system, offering a decentralized, transparent, and secure alternative to traditional monetary frameworks. Since Bitcoin's launch in 2009, the crypto space has grown exponentially, spawning thousands of digital currencies and reshaping how we think about money, investments, and financial transactions. At Mechabull.com, our professional experts are dedicated to exploring the intricacies of cryptocurrency, examining its potential, challenges, and the future it promises.
The Genesis of Cryptocurrency
The concept of cryptocurrency was first introduced with Bitcoin, created by the pseudonymous figure Satoshi Nakamoto. Bitcoin was designed as a peer-to-peer electronic cash system, allowing users to make transactions directly without intermediaries like banks. The underlying technology, blockchain, is a decentralized ledger that records all transactions across a network of computers, ensuring transparency and security.
Key Features of Cryptocurrency
Decentralization
One of the most significant features of cryptocurrency is decentralization. Unlike traditional currencies controlled by central banks and governments, cryptocurrencies operate on decentralized networks. This decentralization reduces the risk of centralized control and manipulation, promoting financial freedom and autonomy.
Security and Transparency
Cryptocurrencies use cryptographic techniques to secure transactions, making them highly secure and resistant to fraud. Blockchain technology ensures transparency, as all transactions are recorded on a public ledger that can be verified by anyone. This transparency fosters trust and accountability in the financial system.
Limited Supply
Many cryptocurrencies, like Bitcoin, have a limited supply, which creates scarcity and can drive value. Bitcoin, for instance, has a maximum supply of 21 million coins. This limited supply contrasts sharply with traditional fiat currencies, which can be printed in unlimited quantities, potentially leading to inflation.
The Cryptocurrency Market
Since Bitcoin's launch, the cryptocurrency market has seen explosive growth. Ethereum, launched in 2015, introduced the concept of smart contracts, allowing developers to build decentralized applications (dApps) on its platform. This innovation opened the door to numerous other projects and tokens, each with unique features and use cases.
Altcoins and Stablecoins
Beyond Bitcoin and Ethereum, there are thousands of alternative cryptocurrencies (altcoins) that serve various purposes. Some, like Litecoin and Bitcoin Cash, aim to improve upon Bitcoin's design, while others, like Ripple (XRP) and Stellar (XLM), focus on facilitating fast and cheap cross-border payments.
Stablecoins, such as Tether (USDT) and USD Coin (USDC), are another significant development. These cryptocurrencies are pegged to traditional fiat currencies like the US dollar, providing the stability of fiat with the benefits of cryptocurrency, such as faster transactions and lower fees.
Cryptocurrency Adoption and Use Cases
Cryptocurrency adoption is growing rapidly, with individuals and businesses recognizing its potential. Several industries are exploring how blockchain and cryptocurrencies can enhance their operations.
Financial Services
Cryptocurrencies offer numerous advantages in the financial services sector. They enable faster and cheaper cross-border transactions, reduce the need for intermediaries, and provide financial services to the unbanked population. Decentralized finance (DeFi) platforms, built on blockchain technology, are revolutionizing traditional financial services like lending, borrowing, and trading by eliminating intermediaries and offering more inclusive access.
Supply Chain Management
Blockchain technology is transforming supply chain management by enhancing transparency and traceability. Companies can use blockchain to track the journey of products from production to delivery, ensuring authenticity and reducing fraud. This increased transparency can improve efficiency and trust in supply chains.
Healthcare
In healthcare, blockchain can securely store and share patient data, ensuring privacy and improving data interoperability. Cryptocurrencies can facilitate secure and efficient payments within healthcare systems, reducing costs and enhancing patient access to services.
Challenges and Regulatory Landscape
Despite its potential, cryptocurrency faces several challenges. Regulatory uncertainty is a significant issue, as governments around the world grapple with how to regulate digital currencies. While some countries have embraced cryptocurrencies, others have imposed strict regulations or outright bans.
Security concerns also persist. While blockchain technology is inherently secure, the cryptocurrency ecosystem is not immune to hacking and fraud. High-profile hacks of exchanges and scams have resulted in significant losses for investors.
Moreover, the environmental impact of cryptocurrency mining, particularly Bitcoin, has raised concerns. Mining requires substantial computational power, leading to high energy consumption and carbon emissions. The industry is exploring more sustainable practices, such as transitioning to proof-of-stake (PoS) consensus mechanisms, which are less energy-intensive.
The Future of Cryptocurrency
The future of cryptocurrency is promising yet uncertain. Continued innovation and adoption will likely drive the market forward. Central bank digital currencies (CBDCs), being explored by several countries, could bridge the gap between traditional finance and cryptocurrencies, offering the benefits of digital currencies while maintaining government oversight.
As regulatory frameworks evolve, greater clarity and protection for investors will emerge, fostering trust and stability in the market. Technological advancements, such as layer-2 solutions and interoperability between different blockchains, will enhance scalability and usability.
At Mechabull.com, we are committed to staying at the forefront of cryptocurrency developments, providing expert insights and analysis to help navigate this dynamic and evolving landscape. Cryptocurrency holds the potential to reshape the financial world, offering new opportunities for growth, innovation, and financial inclusion.
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Top 7 Cloud Mining Apps in 2024
No wonder cloud mining has become one of the main current crypto market trends! The advantages of this technology are obvious. It’s not necessary to invest in specialized hardware with the required hashing algorithm, find a location with cheap electricity for your crypto mining machines, and regularly fine-tune them. It’s enough to install a cloud mining app on your computer or mobile gadget and monitor the performance of your rig remotely through the provider’s website or app. There is no need to join a mining pool – it’s rather realistic to gain a substantial profit as an individual miner. In this article, we’ll recommend to you the most awesome apps for cloud mining.
Common Traits of the Apps That We Included in Our Rating
All the solutions that we’ll list have proved to be spot-on for efficient Bitcoin BTC and altcoin cloud mining. All of them share the following traits:
No risks involved. We hand-picked the most reputable and established providers. They have developed an exceptionally safe infrastructure and invest large funds in maintaining it.
No hidden fees or surprise surcharges. You’ll get to know in detail about your upcoming expenses before you purchase a contract.
Large user base. Thousands of customers can confirm that these apps are easy to use and can indeed let you earn money.
Strong team. Experienced professionals will be ready to consult you at any moment.
Suitable for beginners. You’ll be able to start mining through a cloud even if you have never done it before and entirely lack tech expertise.
Low entry threshold. Depending on the chosen provider and contract, you should be able to start mining in exchange for around one hundred USD. Whenever you wish, you’ll be able to purchase more computing power. It’s not mandatory to invest in a brand-new device. It’s enough to have the most basic computer, laptop, phone, or tablet – because you’ll use the gadget only to control the performance and not to mine.
Flexible plans. You’ll be able to pick a contract that best suits your budget and mining strategy.
Before buying a contract, you’ll be able to compare the available offers by a multitude of factors including the price, duration, projected asset price, and so on. So, let’s have a look at the apps!
ECOS
This Bitcoin cloud mining company occupies the top position in our rating. Its target audience is both individuals and institutional miners. ECOS has been in the game since 2017 and is based in Armenia. It’s an optimal location for crypto mining for two reasons. The first one is the access to stable and cheap electricity. The second one is the systematic support from the government. Thanks to being headquartered in a free economic zone, ECOS is freed from various types of taxes. This drives down the price of its services for its customers and ensures stable development for many years ahead.
This provider operates over 20,000 mining devices. More than 550,000 customers from different countries resort to its services. The committed and experienced ECOS team is ready to take care of any aspect related to mining. They can set up the rig, adjust its functioning to the changing technological demands, guarantee its physical and digital security, and so on.
In 2024, ECOS boasts the Antminer S21 hardware. These machines can cut down your hosting expenses by 40% thanks to their energy efficiency. They can mine at 200 Th/s, which is around twice as much as the devices of the previous generations.
The payouts to cloud miners are made daily. To join this activity, it’s enough to invest only $99. Those who introduce the TryBeforeBuy promo code after registration will be able to try their hand at this business at no cost. If you have questions, the dedicated support crew will be ready to consult you round the clock, at any day of the week.
INC Crypto
Compared to ECOS, this provider acts on a slightly smaller scale. Its audience counts over 320,000 individuals. Nevertheless, the quality of services tends to be top-notch. The registration bonus is much more generous, compared to what most competitors offer – its sum amounts to $50. The payouts take place every day. The key competitive edge of INC Crypto consists in its adherence to renewable energy. It leverages the power of the wind and the sun to remain sustainable and drive down its customers’ expenses.
As for the shortcomings, it’s impossible to purchase a mining contract with fiat funds. To start mining crypto, be ready to buy crypto first to pay for your contract.
DeMi
This one stands out from the rest thanks to its tokenized approach to BTC mining. To join the process, it’s necessary to purchase the native DEMI token and stake it. For those who are new to the field, the verb “to stake” means to keep the tokens passively on your balance without spending them. The rewards for staking DEMI will be paid out to you in BTC every 24 hours. This provider operates over 300 ASICs and is incredibly beginner-friendly
However, it has two shortcomings. First, it fails to support any other assets than BTC. Second, it was launched in 2023, which might turn off those clients who prefer projects with a long history.
TEC Crypto
This one is renowned for its low entry threshold and robust security. To differentiate itself from others, it opts for environmentally friendly chips that minimize energy consumption. Its interface is intuitive and the payouts take place daily. Newcomers can receive a $50-worth bonus. Plus, there is a referral program, in terms of which the maximum reward rate is 5%.
On the flip side, the provider sometimes fails to cope with the demand. It might happen that there are no contracts available at the moment and you might have to wait.
Cloudminer
It’s one of the youngest members of our rating. While most others have been around since the late 2010s, this one hit the market in 2021. Despite its young age, Cloudminer has cemented its reputation as a credible provider of an extensive range of financial services. It strives to build a comprehensive ecosystem and cloud mining is one of its integral elements. The primary values of the ecosystem are compliance, transparency, and the employment of smart technological solutions. Payouts to cloud miners are made every 24 hours. Those who have just signed up can benefit from a $10-worth bonus.
GlobaleCrypto
The primary reasons to praise this provider are its user-friendly UX/UI and a high level of reliability. It enables you to not only mine but also trade crypto assets. The team behind GlobaleCrypto accentuates its compliance and responsibility. It stores the tokens in regulated physical wallets. The trading platform obeys the regulatory norms too. The customers can benefit from a variety of fintech services, including automatic trading. After you buy a cloud mining contract, you can get $7 as a bonus. The provider will credit your profit to you every 24 hours.
On the flip side, the system automatically creates a sub-account for each new user. Later on, you’d fail to delete this sub-account if you try to.
Binance
One of the largest crypto trading services launched a cloud mining platform as well. The Binance audience exceeds 90 million individuals from all corners of the globe. This company wisely leverages the appeal of its brand to lure crypto enthusiasts into cloud mining. The payouts are transferred to the participants every eight hours. There is a handy loyalty program that facilitates the process of acquiring more hashing power. Multi-device mining is possible.
Final Thoughts
Cloud mining is conquering the world. Thanks to this technology, you don’t have to invest in profitable Bitcoin mining hardware, which would involve substantial upfront expenses. The only thing you need to do is install an app or sign up for a website, purchase a contract, and monitor your performance through your user account. Dozens of providers offer such services. If you don’t want to spend time and effort comparing the offers, ECOS can be your safe bet. It’s one of the most trustworthy and technologically advanced brands in its niche. It offers contracts for any taste and its payout policy is highly transparent. Don't forget to to use your free trial mining.
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For forex brokers, a virtual private server, or VPS, is essential for several reasons.
Uninterrupted Trading: Forex trading is open 24/7, and delays can result in lost profits or monetary losses. By offering a steady and dependable environment free from the limitations of power outages, poor internet connectivity, or hardware malfunctions, a VPS guarantees continuous trading.
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5 must-have altcoins for New Year: the ultimate 2024 portfolio
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As you gear up for the crypto rollercoaster that is 2024, it’s worth fine-tuning your portfolio with the best cheap crypto to buy right now that promises returns, innovation, and resilience. This article unveils the must-have altcoins that could…
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A Look at the Dynamic of Dogecoin Prices: Navigating Crypto Market Waves
There are few coins in the dynamic world of cryptocurrency that have caught the attention and enthusiasm of the community quite like Dogecoin (DOGE). Initially created as a lighthearted and meme-inspired digital currency, Dogecoin has transcended its origins to become one of the most important players in the crypto market. As we explore Dogecoin's journey, practical considerations, and the diverse factors that influence its volatility, we'll examine the multifaceted factors that influence the cryptocurrency's price.
A brief history of Dogecoin:
Dogecoin was created in 2013 as a fun and approachable cryptocurrency. Dogecoin quickly gained a loyal community and began securing its place in the crypto world.
Influence in the community and on social media:
The active and engaged community of Dogecoin has a significant influence on the price dynamics of the cryptocurrency. In shaping Dogecoin's narrative, social media platforms, such as Twitter and Reddit, have played a significant role. The impact of influential figures in the crypto market has been highlighted by Elon Musk's tweets, which have been known to cause notable fluctuations in Dogecoin's price. Get more info about doge price.
Sentiment and market speculation:
Dogecoin's price is affected by market speculation and sentiment like most cryptocurrencies. For anyone trying to navigate the Dogecoin market, understanding the role of speculation and sentiment is crucial. Traders and investors respond to news, announcements, and general market trends, which leads to rapid price movements.
Practicality and Use Cases:
Dogecoin started out as a joke, but over time, its functionality and practicality have improved. The speed and cheapness of Dogecoin transactions make it suitable for microtransactions and everyday use. In the long run, this practical aspect affects its price, contributing to its appeal and potential adoption.
Endorsements and partnerships with celebrities:
Various celebrities and influencers have endorsed Dogecoin, further propelling its popularity. Endorsements and partnerships, whether genuine or part of marketing strategies, have the potential to impact its price. Dogecoin's visibility is increased by collaborations with influencers and businesses.
Liquidity and trading volumes:
Any cryptocurrency, including Dogecoin, relies heavily on liquidity to determine its stability and reliability. The impact of large trades on the overall market is reduced when trading volumes and market liquidity are high. For traders and investors interested in understanding Dogecoin's price trends, trading volumes and market liquidity should be closely monitored.
Trends in the macro market:
As with other cryptocurrencies, Dogecoin is not immune to macro market trends. Regulatory developments, technological advancements, and global economic conditions can affect the broader crypto market, which can influence Dogecoin's price. For predicting potential price movements, it is essential to have a holistic perspective on the crypto landscape.
Dogecoin's inflationary nature:
The inflationary nature of Dogecoin sets it apart from Bitcoin, which has a capped supply. Dogecoin, however, has no maximum supply limit, creating billions of new coins every year. For Dogecoin's price to remain stable in the long term, it is crucial to understand its inflationary nature.
Volatility and risk:
Dogecoin, like many altcoins, is known for its volatility. While this volatility can present opportunities for traders, it also comes with inherent risks. For Dogecoin enthusiasts, managing risk requires making strategic investment decisions, diversifying, and staying informed about market trends.
Ecosystem of Dogecoin:
Dogecoin's ecosystem includes various development and projects. The exploration of decentralized applications (DApps) and other use cases can influence the overall perception and adoption of Dogecoin, contributing to its long-term price trends.
Landscape of regulation:
As with any cryptocurrency, Dogecoin's price can be influenced by regulatory developments. For anyone involved in the Dogecoin market, staying on top of the evolving regulatory landscape is essential. Changes in regulations, whether favorable or restrictive, can affect market sentiment and influence investor behavior. For more info about bydfi app.
In summary:
Dogecoin's journey from a meme-inspired cryptocurrency to a significant player in the crypto market is a testament to its resilience and community support. In order to navigate the waves of Dogecoin's price, you need to know about its origins, community dynamics, market trends, and practical applications. Dogecoin remains an intriguing and unpredictable entity, drawing both excitement and caution from those seeking to understand and engage with its price dynamics.
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Q4 Outlook: Could Bitcoin and Altcoins Outshine Previous Highs?
Key Points
The crypto market hints at a possible long-term bull cycle in the last quarter of the year.
Bitcoin and altcoins are expected to lead the rally, with memecoins showing promising potential.
A bullish flag pattern has been identified in the weekly altcoin market capitalization chart. Meanwhile, the Bitcoin rainbow chart suggests that Bitcoin is currently in the “still cheap” phase.
The cryptocurrency market has seen several upswings throughout the year, but these increases have often been short-lived, followed by corrections. However, the last quarter of the year may bring a different scenario.
Potential for a Long-Term Bull Cycle
There are several indicators pointing towards a potential long-term bull cycle that could push the market to new highs. Bitcoin, in particular, has surprised investors this year by reaching an all-time high of over $72k during the first quarter. Despite a subsequent drop, historical data suggests that Bitcoin often gains bullish momentum a few months after halving, indicating a possible rally in the upcoming months.
Similarly, the MVRV ratio, which often goes above 30% each time Bitcoin reaches an all-time high, is another metric to watch. Currently, Bitcoin’s MVRV ratio stands at 2.92%, suggesting a potential price increase in the near future.
Altcoins Gearing Up for a Rally
Typically, the market tends to follow Bitcoin’s lead, suggesting that altcoins could also turn bullish in case of a Bitcoin breakout. In addition, a bullish flag pattern has been identified in the weekly altcoin market cap chart, hinting at a potential altcoin bull run. If a bullish breakout occurs in the upcoming months, the altcoin market cap could see a significant rise.
Despite short-term uncertainties, the altcoin season index continues to favor Bitcoin, indicating a potential altcoin season if the number reaches or exceeds 75.
Promise of Memecoins
While the focus remains on top cryptocurrencies like Bitcoin and Ethereum, memecoins have shown promising performance in recent months. Notable examples include Dogecoin and Shiba Inu, while Solana-based memecoins have also gained traction. As such, it will be interesting to monitor the performance of the memecoin market during the next crypto bull run.
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September was largely bearish, with the crypto market unfortunately experiencing staggering losses. According to CertiK, a leading security-focused platform that analyzes and monitors protocols and DeFi projects, crypto losses in September amounted to a whopping $332 million. In other news, Optimism ($OP) and InQubeta ($QUBE) are gearing up for what many experts believe could be an exceptional surge. This article will delve into CertiK’s report. In addition, it will explore the potential opportunities presented by Optimism and InQubeta, including why they are altcoins to buy. InQubeta ($QUBE): Blend of Innovation and Staggering Growth InQubeta ($QUBE) is another project gathering substantial attention in the crypto space. As one of the new ICOs (initial coin offerings), InQubeta stands out for its fascinating blend of AI and blockchain technology. As a result, there has been overwhelming participation in its presale, with an astounding $3.4 million raised so far. Notably, it is fast gaining traction, with industry experts predicting a 50x price uptick in the coming months. As an intersection of blockchain and AI, it aims to disrupt the AI industry by reshaping its fundraising landscape. It also seeks to make the profitable and fast-expanding AI market accessible to everybody. To this effect, it will build the first blockchain-based crowdfunding platform for AI startups via crypto. To raise funds, AI startups will mint investment opportunities, which will be tokenized as NFTs. Further, these will be fractionalized and offered as equity-based NFTs to investors in the marketplace. Therefore, regardless of income, investors can own stakes in promising AI businesses and enjoy profits as they flourish. Furthermore, its tangible utility will also play a pivotal role in its projected growth. Aside from being used for fundraising and investment activities, it will grant governance rights to holders. In other words, token holders will enjoy voting rights, giving them a say in the platform’s future directions. In addition, the token can be staked, with holders receiving rewards from its dedicated staking pool. Currently, this exciting project is in the fourth stage of its presale, providing an early entry. The price per token is $0.0133, a cheap entry point considering its growth potential. This positions it as the best new crypto to invest in. Certik: $332 Million Crypto Loss in September Certik, a leading blockchain security firm, released a report revealing that the crypto space saw a total of $332 million in losses in September. This figure highlights the prevailing challenges facing the crypto landscape, including security breaches, hacks, and scams, and the need for robust security measures. According to the report, a substantial $329.8 million was lost to crypto-related exploits. Following behind are exit scams, amounting to around $1.9 million. Lastly, flash loans accounted for about $0.4 million. Notably, within the report, Mixin Network, a Hong Kong-based cross-chain transfer protocol suffered the brunt of September’s losses, losing $200 million. Optimism ($OP): Bullish Outlook Amidst the security concerns in the crypto space, Optimism ($OP) emerges as a beacon of hope. Optimism is a layer-2 scaling solution for Ethereum. It was designed to enhance Ethereum’s capacity for transactions and smart contracts. Therefore, users can expect faster confirmation times and low gas fees, making it a popular layer-2 solution. In addition to its solid fundamentals and pivotal role in the Layer-2 ecosystem, Optimism is also one of the top crypto coins. Currently, it is ranked among the top 50 cryptos by market cap, which highlights its relevance and dominance. Moreover, Optimism’s recent traction is believed to be the beginning of a monumental surge. Hence, it is one of the altcoins to watch in the coming days. Conclusion Amidst the whopping $332 million in crypto losses in September, Optimism and InQubeta have emerged as promising investment opportunities in October.
Their solid fundamentals and unique value propositions make them the best cryptos to invest in. While Optimism is a freely traded token, to purchase InQubeta, follow the link below. Visit InQubeta Presale Join The InQubeta Communities The post CertiK Reports Crypto Losses Hit $332M in September; Optimism (OP) & InQubeta (QUBE) Gear up for an Exceptional Surge appeared first on Analytics Insight.
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2023年9月に1セント未満で今すぐ購入すべき安価な仮想通貨ベスト5(The 5 Best Cheap Crypto to Purchase Now for Less Than One Cent in September 2023)
2023.11.12
2023年9月に1セント未満で今すぐ購入すべき安価な仮想通貨ベスト5(The 5 Best Cheap Crypto to Purchase Now for Less Than One Cent in September 2023)
テーマ:英語のお勉強日記(7700)
カテゴリ:仮想通貨
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Shogun Saski ショウグン サスケ
Sep 6, 2023 2023年9月6日
There is a universe of promise beyond Bitcoin (BTC), despite the fact that it frequently steals the cryptocurrency spotlight. (You can also read about the upcoming altcoins to erupt in our most recent roundup of the top altcoins to buy in.) 暗号通貨のスポットライトを頻繁に盗むという事実にもかかわらず、ビットコイン (BTC) を超えて有望な宇宙があります。 (また、今後のアルトコインについては、購入すべき上位のアルトコインの最新のまとめで読むことができます。
The cryptocurrency market as a whole is currently going through a consolidation phase, largely due to Bitcoin, which has been failing to surpass the $30,000 barrier. 暗号通貨市場全体は現在、主に30,000ドルの壁を超えることができなかったビットコインのために、統合段階を迎えています。
It’s crucial to remember that the market has experienced brief gains, notably in response to good news regarding an exchange-traded fund (ETF) for spot Bitcoin. Nevertheless, experts concur that the sector may experience a recovery in the upcoming months despite the general market slowdown. 市場は、特にスポットのビットコインの上場投資信託 (ETF)に関する良いニュースに対応して、短期間の上昇を経験したことを覚えておくことが重要です。それにもかかわらず、専門家は、市場全般の減速にもかかわらず、このセクターが今後数か月で回復する可能性があることに同意しています。
A report from Yahoo Finance claims that the use of cryptocurrencies has significantly increased in Turkey. The ratio of cryptocurrency users in the nation has increased from 40% to 52% during the previous 18 months. Yahoo Finance のレポートによると、トルコでは暗号通貨の使用が大幅に増加しています。国内の暗号通貨ユーザーの比率は、過去18か月間で40%から52%に増加しました。
While you’re here, Join our Telegram Channel where you can find FREE reliable crypto signals! あなたがここにいる間に、あなたが無料で信頼できる暗号シグナルを見つけることができる私たちのテレグラムチャンネルに参加してください!
5 Best Cheap Cryptocurrencies to Buy Now for Less Than One Cent in September 2023 2023年9月に1セント未満で今購入すべき安価な暗号通貨ベスト5
Given this, a number of cryptocurrencies are available that are reasonably priced, giving investors a chance to benefit when the market turns around. Here are five cryptocurrencies that you should think about including in your portfolio the following week that are all under $0.10. このため、手ごろな価格の暗号通貨が多数用意されており、市場が好転したときに投資家に利益を得る機会を与えています。ここでは、次週にはポートフォリオに含めることを検討すべき、すべて0.10ドル未満の5つの暗号通貨は下記の通りです。
VeChain (VET) ヴィーチェーン(VET)
According to the latest market report, VeChain (VET) is currently trading at $0.015, with a $21M 24-hour trading volume. VET’s price has increased little over the last day, by 1.03%, while its performance over the past week indicates a slight fall, by -0.43%. VeChain’s overall market capitalization is $1,136,056,339, and there are 73 billion VET tokens in circulation. 最新の市場レポートによると、VeChain(VET)は現在$0.015で取引されており、24時間の取引量は$21Mです。VETの価格は前日比で1.03%とほとんど上昇していませんが、過去1週間のパフォーマンスは-0.43%とわずかに下落しています。VeChainの全体的な時価総額は1,136,056,339ドルで、730億のVETトークンが流通しています。
VeChain is on a mission to address data difficulties in a number of international businesses, including sustainability, food and beverage, healthcare, energy, and SDGs. It attempts to accomplish this by utilizing distributed governance and Internet of Things (IoT) technologies to build a strong ecosystem for trustless data exchange, which is essential for the real-time data requirements of the fourth industrial revolution. ヴィーチェーンは、持続可能性、食品・飲料、ヘルスケア、エネルギー、SDGなど、多くの国際ビジネスにおけるデータの問題に対処することを使命としています。分散型ガバナンスとモノのインターネット (IoT)技術を活用して、第4次産業革命のリアルタイムデータ要件に不可欠な信用不要なデータ交換のための強力なエコシステムを構築することで、これを達成しようとしています。
Ve Chain ヴィーチェーン
VeChain utilizes the VET and VTHO tokens in order to carry out its objectives. While VTHO is utilized to pay for GAS charges, VET is not required for data transactions because it serves as both a value storage and a mechanism of transferring value. By permitting modifications to variables like the amount of VTHO required for transactions by community votes involving all stakeholders, this solution not only streamlines operations but also maintains consistent network usage prices.
ヴィーチェーンは、その目的を遂行するためにVETおよびVTHOトークンを利用します。VTHOはGAS料金の支払いに利用されますが、VETは価値の保存と価値の移転メカニズムの両方として機能するため、データ取引には必要ありません。このソリューションでは、すべての利害関係者が関与するコミュニティの投票によって、トランザクションに必要なVTHOの量などの変数の変更を許可することで、運用を合理化するだけでなく、一貫したネットワーク使用価格を維持します。 ――――――――――――――――――続く―――――――――――――――――― 下記URLから続きを読むことができます。また、図付きの元のレイアウトで読める原文ファイルも入手可能。今月1か月分のファイルは100円で取り寄せられますが、次の月からは300円に値上げします。
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What I Don’t Like About Altcoins: They Serve One Purpose – Funding the Founders
Thousands of altcoins spring into life every year. Do you know why? Are they solving real-life problems or filling someone’s pockets?
The following post will most likely be a hard pill to swallow for most crypto enthusiasts, but it’s my opinion nonetheless, and I will try to explain the reasoning behind it in this post.
First, there was Bitcoin – a decentralized, international digital currency designed to free us from enslavement under the fiat systems, central banks, and governments.
It was a novel idea that slowly but surely took hold of many people’s hearts and minds.
The best thing about Bitcoin? There is no known founder.
No one person is calling the shots. There is no one that “the powers that be” can call in front of their little circle (congress…) and harass. No one person is making all the important decisions. No one person can just change the core principles, inflation numbers, and protocols from POW to POS, for example.
Bitcoin is an idea, a movement, a decentralized option into which we can all choose to (or not) plug in and participate.
It is the original, the daddy, the standard.
If Bitcoin were gold, altcoins would be random rocks painted in yellow, backed by a bunch of screaming salesmen trying to convince you that they’re the new big thing, the better gold, and whatnot.
If Bitcoin were an iPhone (for the millennials and Gen Z’s), altcoins would be cheap Chinese knockouts you get spammed into your email accounts.
If Bitcoin were a celebrity account on Twitter, altcoins would be all the fake scam accounts spamming the comment section offering to “give back 10 ETH if you send 1 ETH.” The same math and principle apply.
I’ll go a little bit easier and say I can see three functions or purposes for altcoins:
Stablecoins can be useful for trading and some transfers or micropayments.
It’s useful to have a sandbox for testing ideas. Some alternative protocols and cryptocurrencies can help experiment with new ideas and technologies, which, if successful, are then deployed as layers upon the Bitcoin blockchain.
The free money funding of anyone who makes, markets, and works on altcoins is where 99% of all coins and projects fit. They’re magical money-making machines for founders, transmuting air into money. Alchemy in practice.
In this article, we’ll focus on the third point, the free money and funding:
Altcoin funding and token sales.
Are altcoins worth investing in?
How do founders benefit from altcoin projects?
Challenges faced by developers working on Bitcoin-related projects.
Risks associated with investing in altcoins.
Difference between Bitcoin and altcoins.
Altcoins solving real-life problems or benefiting founders.
How altcoin funding works.
Find out more!
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Top 6 CHEAP CRYPTO Altcoin projects to buy NOW and HOLD 2023
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Early Whales Bet Big On ZkSync Securing 32% Of Crypto Holdings On The Network
Early Whales Bet Big On ZkSync, Securing 32% Of Crypto Holdings On The Network https://bitcoinist.com/early-whales-bet-big-on-zksync-securing-crypto/ The emergence of Layer 2 scaling solutions has led to many cryptocurrency enthusiasts flocking to these networks, attracted by their high speed and low transaction fees. One such scaling solution is zkSync Era, host to the most anticipated airdrop in the crypto community. zkSync is a Layer-2 scaling solution for Ethereum that aims to improve the network’s speed and scalability while reducing transaction costs. It is based on zero-knowledge proofs, a cryptographic method that allows for privacy-preserving transactions without revealing sensitive information. Despite zkSync still in its infant stage, early whales appear to be betting big on the Layer 2 network, according to a report by Nansen Research. The report revealed several early adopters are seen securing an average of 32% of their crypto holdings on the network. Significant Amount of Idle Capital on ZkSync According to the report from Nansen Research, the top 25 early whale bridgers to zkSync Era have an average of 32% of their total holdings on zkSync. Holdings of these early adopters comprised mainly of spot Ethereum token (ETH), stablecoin USDC, and a distant third of MUTE, a new privacy-focused cryptocurrency. The high percentage of holdings on the platform suggests that these investors have a significant amount of idle capital waiting to be deployed, according to Nansen Research. Related Reading: Ethereum Scalability Solution zkSync Deploys Tesnet, Cheap Network Fees Imminent? According to the report, the majority of the activity on zkSync is centered on decentralized exchanges (DEX), particularly liquidity providers (LPs) on SyncSwap, Izumi Finance, Mute, and Velocorexyz. The Nansen report further notes that the LPs are mostly in the ETH/USDC pools, while Pool 2s and altcoins (alts) make up a very negligible position, “indicating a lack of interest in zkSync alts.” This suggests that the early adopters are mainly focused on liquidity provision on the platform, and are not yet willing to invest in altcoins on the network. Profitable Investment Opportunities in the Near Term The report notes that although there are opportunities for profitable investments in the short term, users should be careful when engaging with zkSync protocols. The analytics firm pointed out that there have been numerous rug pulls on the platform and advises the crypto community to exercise caution before interacting with any protocols. In light of this warning, it is crucial to keep track of new product launches, such as upcoming derivatives apps like UniDex Finance and Derivio, which are currently in testnet. Notably, the data from the Nansen report paints a positive picture of early adopters’ use of zkSync, with a high percentage of holdings on the network suggesting that they have confidence in the platform’s capabilities to deliver value in the long run. However, the report’s warning on rug pulls is a reminder that even established platforms can still have risks associated with them. While the zkSync native token is yet to launch, the global crypto market has been in an uptrend in the past few days expressing indulgence in new tokens. In the last day, the global crypto market cap rose by nearly 1% with a value above $1.2 trillion. Featured image from Unsplash, Chart from TradingView via Bitcoinist.com https://bitcoinist.com April 28, 2023 at 08:00PM
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With RGB, the Bitcoin Lightning Network can now transfer Altcoin assets
With the RGB protocol, users can allocate altcoins to Bitcoin UTXOs, enabling stablecoin transfers over the Lightning Network and more. The Lightning Network is arguably the most impactful and important innovation ever seen in Bitcoin. It enables fast and cheap transactions that do not take up space on the blockchain, while preserving all the censorship-resistant and trustless features of…
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