Crypto
Could BNB and BEASTS Coin Hit $30k Like Bitcoin?
![Could BNB and BEASTS Coin Hit $30k Like Bitcoin?](https://www.analyticsinsight.net/wp-content/uploads/2023/06/Picture4-13.jpg)
Bitcoin has long been regarded as the pioneer and dominant force. Its recent milestone of hitting $30,000 has sparked discussions about the potential of alternative coins like BNB and BEASTS Coin to challenge Bitcoin’s supremacy. This article will delve into the unique ecosystems of each cryptocurrency, analyzing their strengths and differences, and exploring whether BNB and BEASTS Coin could ever aspire to overthrow Bitcoin.
Bitcoin: The Crypto Market Leader
Bitcoin, the first decentralized cryptocurrency, holds a significant share of the market and enjoys widespread recognition. Its key attributes include a secure and transparent blockchain, limited supply, and a decentralized nature. Bitcoin has become synonymous with digital gold, attracting both institutional and individual investors seeking a store of value.
Bitcoin’s ecosystem is characterized by a vast network of miners, nodes, and exchanges that ensure the smooth operation and security of the blockchain. Its decentralization and widespread adoption contribute to the liquidity and stability of the Bitcoin market, making it a trusted choice for investors and enthusiasts alike.
BNB: The Rising Star of the Crypto Market
Binance Coin (BNB) has emerged as a prominent player in the cryptocurrency industry, primarily due to its association with the Binance exchange. BNB operates within the Binance Smart Chain ecosystem, providing users with a range of utilities, including reduced transaction fees and participation in token sales on the Binance Launchpad.
One of BNB’s notable advantages over Bitcoin lies in its speed and scalability. By utilizing a delegated proof-of-stake consensus mechanism, BNB achieves faster transaction confirmations and higher throughput. Additionally, BNB holders can benefit from staking rewards, further incentivizing participation in the Binance ecosystem.
BNB’s success also stems from its strategic partnerships and the support it receives from the Binance exchange. The integration of BNB into various applications and services within the Binance ecosystem has contributed to its growing popularity and increased use cases.
BEASTS Coin: A New Era For Crypto
In the realm of meme coins, BEASTS Coin stands out with its unique concept and captivating storyline. Created by Rabbit 4001, the project revolves around genetically mutated animals, known as caged beasts, aimed at reclaiming control from humans. BEASTS Coin distinguishes itself by engaging the community through each presale stage, fostering a sense of ownership and excitement.
While the project’s detailed growth plan for the caged beasts is yet to be released, the concept itself holds significant potential to captivate investors. Early adopters of BEASTS Coin may have the opportunity to witness these creatures grow and develop, offering an engaging and interactive experience within the ecosystem.
Furthermore, BEASTS Coin’s referral system sets it apart from other cryptocurrencies. By connecting their wallets to the BEASTS Coin website, users can generate referral codes and earn commissions and additional tokens for each new buyer they refer. This incentivizes community engagement and expands the project’s reach, enhancing its growth potential.
In the battle for supremacy within the crypto market, Bitcoin, BNB, and BEASTS Coin each possess unique qualities that appeal to different audiences. Bitcoin’s longstanding dominance and reputation make it a reliable choice for investors seeking stability and store of value. On the other hand, BNB’s association with the Binance ecosystem offers speed, scalability, and various utilities, making it an attractive option for users within that ecosystem.
BEASTS Coin presents a fresh and captivating narrative, intertwining genetics, community engagement, and a referral system. The project’s creative approach has the potential to captivate a community of enthusiasts and investors looking for the next big crypto investment, particularly those interested in meme coins with utility.
While it is unlikely for any altcoin to overthrow Bitcoin’s position as the crypto market pioneer, the unique ecosystems and strengths of BNB and BEASTS Coin carve out their niches and contribute to the overall diversity and innovation within the cryptocurrency industry.
To explore the exciting world of BEASTS Coin and join its community, register your email and participate in the presale at BEASTS Coin’s website. Unleash your inner beast and be part of this captivating crypto journey.
BEASTS Coin
Website: https://cagedbeasts.com
Twitter: https://twitter.com/CAGED_BEASTS
Telegram: https://t.me/CAGEDBEASTS
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Crypto
Man Invests $10,000 in Cryptocurrency, Earns $3 Million in 30 Minutes
![Man Invests $10,000 in Cryptocurrency, Earns $3 Million in 30 Minutes](https://watcher.guru/news/wp-content/uploads/2023/01/ezgif-4-1635a24083.jpg)
In what can be called the greatest trade of 2024, a cryptocurrency investor put in $10,000 and earned $3 million. The trade was completed in just 30 minutes making the investor turn into a millionaire in the shortest period possible. This is what dreams are made of and the investor turned the dream into reality this month.
Also Read: Which Cryptocurrency Could GTA 6 Integrate in the Game?
Cryptocurrency Investor Turns $10,000 Into $3 Million in Just 30 Minutes
![baked cryptocurrency](https://watcher.guru/news/wp-content/uploads/2024/07/baked-cryptocurrency-1024x576.jpg)
So how did the investor turn $10,000 into $3 million in 30 minutes? Well, the investor took an entry position into BAKED cryptocurrency on July 1, 2024, purchasing 70 Solana (SOL) for under $10,000. The investor swapped the Solana tokens to BAKED and accumulated 82 million tokens.
Also Read: BRICS: Saudi Arabia Makes Massive Oil and Gas Discovery
Just 30 minutes after buying BAKED cryptocurrency, an investor sold it for 21,581 Solana (SOL). This means that the investor made $3 million in the cryptocurrency in less than an hour after purchasing it. Leading on-chain metrics firm Lookonchain was the first to dish out the transaction on the blockchain.
Also Read: Data Breach: US Bank Exposes Customers Name, Acc Number, Date of Birth
However, doubts arise if the investor is an insider or a genuine trader who just got lucky. Investors use the cryptocurrency ‘snipping’ method and buy tokens just hours before it gets listed and open for trading. This gives them the leverage of being a step ahead before other investors begin to purchase the tokens. BAKED saw a listing on the Bitget platform opening the floodgates to new investors.
There are several other stories where cryptocurrency investors just got lucky and made millions in a short period. While these stories are promising, there are only a handful of them that actually made it. The majority of holders have lost money in the markets and only dream of making it big. Luck favors a few while the others mostly face the wrath of the broader cryptocurrency market.
Crypto
Cryptocurrency Titans Bitcoin and Ethereum Poised for Robust July Based on Historical Patterns
![Cryptocurrency Titans Bitcoin and Ethereum Poised for Robust July Based on Historical Patterns](https://www.westislandblog.com/wp-content/uploads/2024/07/Cryptocurrency-Titans-Bitcoin-and-Ethereum-Poised-for-Robust-July-Based-on-Historical-Patterns.webp)
As tradition guides us in the financial world, history often sheds light on what might be forthcoming. In this context, July has consistently proven to be a favorable juncture for the titans of the cryptocurrency market, Bitcoin and Ethereum. As we gingerly step into July, market experts are observing with keen interest, the patterns of the past, hoping for another lucrative period in the digital currency realm.
Time-honored market pundits from QCP Capital have deduced that over the years, Bitcoin has shown a median yield of 9.6% in July, bearing a consistent pattern of recuperating substantially after a rather lethargic performance in June. This year, following a dip of roughly 10% in its June performance, Bitcoin is set to possibly see an uplift this July, guided by these historical pointers.
Adding more colors of positivity to this promising picture, David Duong and David Han, two-discerning analysts from Coinbase, have affirmed this trend. They reckon that the expected bonanza of liquidity in July could provide an additional springboard to the market.
June’s downturns have purged the financial market of excess, potentially smoothing the path ahead for more secure and optimistic price shifts. Furthermore, Bitcoin and Ethereum’s trading volumes, which include spot and futures transactions on global exchanges, dwindled from $90 billion in May to $75 billion in June. Market watchers perceive this constriction in trade volumes as laying a sturdier groundwork for the next surge of market activity.
The favorable July seasonality has not been exclusive to leading cryptocurrencies but is also buttressed by broader market dynamics. Analysts including the likes of Ali underscore that recovery patterns ensuing June’s lapses historically denote a “vigorous bounce back” in July performances.
This observation holds notably true for Bitcoin, which has consistently delivered an average return of approximately 8% during this period.
The recent technical analysis of Bitcoin’s price fluctuations also provides credence to the hypothesis for a bullish July. Bitcoin noted a significant upsurge of 2.7% in just the past 24 hours. Now trading at $63,104, Bitcoin has started the month on a strong note. This recent rise has nudged its weekly gains also to 2.7%, echoing an uptick in investor confidence.
However, predictions are not without their hurdles. Factors including macroeconomic influences and regulatory advancements could still steer cryptocurrency prices in a direction contrary to expectations. And while analysts maintain an optimistic outlook based on statistical and historical evidence, the characteristic volatility of the cryptocurrency markets implies that significant deviations from past trends can still transpire.
Crypto
Cryptocurrency: 3 Bullish July Meme Coins To Stack For Maximum Gains
![Cryptocurrency: 3 Bullish July Meme Coins To Stack For Maximum Gains](https://watcher.guru/news/wp-content/uploads/2024/07/photo_6061966079535726795_y.jpg)
Bullish July is a serendipitous term prevalent in the cryptocurrency domain. It seems that July has often been noted to usher in significant price surges for tokens such as Bitcoin and Shiba Inu, making it a “lucky” month for crypto tokens to document new highs. The phenomenon as mentioned earlier might be a random fluke, but it has now transformed into an event that investors often watch.
With the onset of July, here are the top three trending token recommendations that one should stash to earn stellar gains soon.
Also Read: Cryptocurrency: 3 Coins To Majorly Rebound This July
Bullish July Meme Coins to Stack for Robust Profits
![Three coins with lots of money](https://watcher.guru/news/wp-content/uploads/2024/05/photo_6206130371972676458_y-1024x585.jpg)
Cryptocurrency#1- Bonk
The Solana-based crypto coin BONK is now surging at an impeccable price pace, rising and peaking by 10% in the last 24 hours. According to CoinMarketCap, BONK is currently trading at $0.00002602, with prospects hinting at the token’s future price hike.
The dog-themed token was launched in 2022 and since then has grown exponentially, gaining nearly 23,674% in valuation. CoinCodex, a notable crypto analytics platform, predicts that the token may spike even more, surging to trade at levels behind 200%.
“The price of Bonk may rise by 227.72% and reach $0.00008520 by August 1, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 51 (neutral). Bonk recorded 15/30 (50%) green days with 16.81% price volatility over the last 30 days.”
The platform further states the bonk is emanating a bullish sentiment, making it a lucrative coin to hold and stash for future gains.
Cryptocurrency #2: Dogwifhat
Dogwifhat, or WIF, recently took the crypto domain by surprise by peaking and surging by nearly 58% in the last seven days, trading at $2.32 at press time. The Solana-based token is currently basking in the glory of the recent SOL ETF filings that have been lodged by financial giants Ark 21 Shares and VanEck.
According to CoinCodex, WIF may peak further, surging nearly 200% in the process. CC shares that the token may peak to trade at a new ATH of $7 by the end of July 2024.
“The price of Dogwifhat may rise by 228.25% and reach $7.38 by August 1, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 51 (neutral). Dogwifhat recorded 12/30 (40%) green days with 21.62% price volatility over the last 30 days.”
The technical indicators also categorize WIF as coin trading in the bullish realm. This makes WIF a suitable crypto coin to explore in the long run.
Cryptocurrency #3: Shiba Inu
The Shiba Inu Ecosystem is currently undergoing massive changes. For instance, the latest tweet by Shytoshi Kusama, Shiba Inu tech lead, has spurred a major shift in space. Kusama has teased his personality reveal in the upcoming IVS2024 event in Kyoto, Japan, a development that has sent shivers of excitement within the Shiba inu community.
At the same time, the token is known to make the most out of the bullish July phase, basking in the after-effects of the phenomenon by trading at higher price levels each July.
According to CoinCodex, SHIB may initially display a bearish sentiment. CC predicts the token will surge by 60% by July 9, 2024.
Also Read: Shiba Inu: Bullish July To Help SHIB Heal & Hit $0.000375, Here’s How?
“The Shiba Inu price forecast for the next 30 days is a projection based on the positive and negative trends. SHIB will be changing hands at $0.00002822 on July 9, 2024, gaining 64.80% in the process.”
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