Crypto
Which Cryptocurrency Should Be In Your Portfolio For 10x Returns in 2024 – Scorpion Casino, Dogecoin and Cardano(ADA) | NewsBTC
2024 presents a pivotal year for digital currencies, with Scorpion Casino (SCORP), Dogecoin, and Cardano (ADA) emerging as frontrunners in the crypto world. Each brings unique propositions to the table, but which one holds the key to a potential 10x return? Let’s delve into their worlds.
First $SCORP CEX Listing Confirmed! The official announcement is on Jan 15, 2024, at 4 pm UTC.
Scorpion Casino: A Revolution in Gaming and Earnings
Scorpion Casino has carved its niche in the online gaming industry with a forward-thinking approach. Its integration of blockchain technology not only ensures transparency and efficiency but also offers a security level that traditional online casinos can’t match. The SCORP token, already in its final presale phase, is not just a cryptocurrency but a gateway to a share in the casino’s revenue. It’s an enticing prospect for those looking to invest in a growing $145.6 billion industry by 2030.
SCORP’s success story is backed by impressive figures: a pre-sale collection of $2.9 million and a community of over 6,500 investors. Its unique proposition includes daily staking rewards and a cashback system, setting it apart from the volatile crypto market.
Dogecoin: The People’s Crypto
Dogecoin, initially started as a joke, has evolved into a formidable digital currency. Its loyal community and the backing of high-profile figures have given it a cult status in the crypto world. Dogecoin’s appeal lies in its simplicity and low transaction fees, making it an accessible option for small-scale investors and everyday transactions.
However, its reliance on community support and lack of a formal development structure can be seen as potential drawbacks. Dogecoin’s value is heavily influenced by social media trends and endorsements, making it a more speculative investment.
Cardano: The Eco-Friendly and Scalable Option
Cardano (ADA) sets itself apart with its scientific approach and commitment to sustainability. It’s not just a cryptocurrency; it’s a platform for building decentralized applications and smart contracts, offering a more eco-friendly alternative to the likes of Bitcoin and Ethereum. Cardano’s ADA token has gained traction for its low energy consumption and scalability.
However, Cardano’s development process is methodical and slower compared to its counterparts, which can be a double-edged sword. While it ensures a robust and secure network, it might lag in catching up with rapid market changes.
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How Will Your Portfolio Look?
As we head into 2024, the question of which cryptocurrency to add to your portfolio is more relevant than ever. Scorpion Casino’s SCORP token offers a unique proposition with its integration into the lucrative online gaming industry and a stable income model, making it a promising choice for investors seeking both excitement and security in their crypto ventures. Dogecoin, with its massive community support, remains a wildcard that could surprise with significant returns. Cardano, with its sustainable approach and strong foundation, presents a more conservative but potentially steady growth option.
For those looking to ride the next wave of crypto innovation, SCORP might just be the golden ticket. With its blend of gaming entertainment, investment opportunities, and a robust economic model, Scorpion Casino is not just another crypto; it’s a gateway to a new kind of digital asset. Remember, the first exchange listing of SCORP is just around the corner, and now is the time to explore this opportunity.
For more information, check out the links below.
Presale: https://presale.scorpion.casino/
Twitter: https://twitter.com/ScorpionCasino
Telegram: https://t.me/scorpioncasino_official
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion in 2022, was sentenced on Thursday to 15 years in prison for for what a judge called an “epic fraud.”
U.S. District Judge Paul A. Engelmayer, who handed down the sentence, sharply rebuked Kwon for repeatedly lying to everyday investors who trusted him with their life savings.
“This was a fraud on an epic, generational scale. In the history of federal prosecutions, there are few frauds that have caused as much harm as you have, Mr. Kwon,” Engelmayer said during a hearing in Manhattan federal court.
Kwon, 34, who co-founded Singapore-based Terraform Labs and developed the TerraUSD and Luna currencies, previously pleaded guilty and admitted to misleading investors about a coin that was supposed to maintain a steady price during periods of crypto market volatility.
He is one of several cryptocurrency moguls to face federal charges after a slump in digital token prices in 2022 prompted the collapse of a number of companies.
Dressed in yellow prison garb, Kwon addressed the court and apologized to his victims, including the hundreds who submitted letters to the court describing the harm they had suffered.
“All of their stories were harrowing and reminded me again of the great losses that I’ve caused. I want to tell these victims that I am sorry,” Kwon said.
Ayyildiz Attila, one of the hundreds of victims who submitted letters to the court, said he lost between $400,000 and $500,000 in the collapse.
“My savings, my future, and the results of years of sacrifice disappeared. I struggled to keep up with payments and responsibilities, and everything I had worked forwas erased,” Attila said.
Kwon’s lawyer Sean Hecker said in an email after the sentencing that Kwon spoke from the heart, expressed genuine remorse and will continue his efforts to make amends.
US Attorney Jay Clayton in Manhattan said in a statement following the hearing that Kwon devised elaborate schemes to inflate the value of his cryptocurrencies and fled accountability when his crimes caught up to him.
Prosecutors had asked for a sentence of at least 12 years in prison, saying the crash of Kwon’s Terra cryptocurrency caused billions of dollars in losses and triggered a cascade of crises in the crypto market.
Kwon’s lawyers had asked that he be sentenced to no more than five years so he can return to South Korea to face criminal charges.
Prosecutors charged Kwon in January with nine criminal counts for securities fraud, wire fraud, commodities fraud and money laundering conspiracy.
Kwon was accused of misleading investors in 2021 about TerraUSD, a so-called stablecoin designed to maintain a value of $1. Prosecutors alleged that when TerraUSD slipped below its $1 peg in May 2021, Kwon told investors a computer algorithm known as “Terra Protocol” had restored the coin’s value.
Instead, Kwon arranged for a high-frequency trading firm to secretly buy millions of dollars of the token to artificially prop up its price, according to charging documents.
Kwon pleaded guilty in August to two counts, conspiracy to defraud and wire fraud, and apologized in court for his conduct.
“I made false and misleading statements about why it regained its peg by failing to disclose a trading firm’s role in restoring that peg,” Kwon said at the time. “What I did was wrong.”
Kwon agreed in 2024 to pay $80 million as a civil fine and be banned from crypto transactions as part of a $4.55 billion settlement he and Terraform reached with the Securities and Exchange Commission.
He also faces charges in South Korea. As part of his plea deal, prosecutors will not oppose Kwon’s potential application to be transferred abroad after serving half his US sentence.
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