Crypto

Cryptocurrency Prediction: 5 Cryptos to watch in November for potential 5,000% growth | News.az

Published

2 months ago

October 23, 2024

Cryptocurrency Prediction: 5 Cryptos to watch in November for potential 5,000% growth | News.az

November is set to be a significant month for cryptocurrency enthusiasts. The market is abuzz with digital assets that have the potential for substantial growth, News.Azreports citing Bravenewcoin.

Investors are closely watching tokens that could deliver impressive returns, focusing on those poised for remarkable upward movements. The anticipation is building around certain cryptos that might just be the next big opportunity.

Among these promising tokens are PEPE, SEI, APT, XRP, and XYZVerse (XYZ), a pioneering meme coin that unites fans of football, basketball, MMA, and more within its vibrant ecosystem. The analysis below provides a deeper insight into these projects and explains why they can grow by up to 5000% in the coming months.

Dominate the Field with XYZ: The Next Meme Coin Champion!

The game is on, and XYZ is leading the charge in the meme coin arena! This sensational all-sports meme token has hit the market with unstoppable momentum, knocking out weak competitors and scammy cryptos.

As it charges ahead, XYZ is set to deliver jaw-dropping gains, leaving the likes of BOME and WIF far behind. With eyes on a staggering 99,900% growth, XYZ is ready to claim the meme coin crown in the next crypto bull marathon!

Rule the game, cash in as the bets roll in

XYZ is the star player in XYZVerse – the ultimate fusion of sports thrill and meme culture. This community-centered ecosystem is the perfect playground for crypto degens and sports fans alike, offering everything from entertainment apps to prediction markets.

Think back to Polymarket’s $1 billion trading volume during the US elections betting frenzy, and now, picture that on steroids with XYZVerse. With millions of sport bettors getting ready to jump in the action, opportunities for early investors in XYZ are really huge!

XYZ is currently undervalued, and with major listings on the way, presale participants stand to secure life-changing gains.

PEPE (PEPE)

Meet PEPE, the deflationary memecoin taking the crypto world by storm. Launched on Ethereum as a tribute to Matt Furie’s Pepe the Frog meme, PEPE embraces the fun and viral nature of internet culture. With a no-tax policy and a straightforward approach, it appeals to meme enthusiasts and traders alike. In April and May 2023, PEPE’s explosive surge saw its market cap soar to $1.6 billion, turning early holders into millionaires. This meteoric rise sparked a “memecoin season,” flooding the market with new meme-based cryptocurrencies looking to ride the wave.

PEPE aims to join the ranks of top meme coins like Dogecoin and Shiba Inu. Its roadmap includes listings on major exchanges and a bold “meme takeover” to cement its place in crypto history. While it lacks traditional utility, PEPE’s strength lies in its community and viral potential. In the current market, with hopes for a Bull Run amid the upcoming Bitcoin halving, PEPE’s charm makes it an attractive prospect for those embracing the high-risk, high-reward nature of memecoins. Whether it will reach new heights is uncertain, but its impact on the crypto landscape is undeniable.

Sei (SEI)

In the ever-changing landscape of blockchain, Sei emerges as a game-changer. It’s the first sector-specific Layer 1 blockchain tailored for trading, designed to give exchanges an exceptional edge. Sei can handle a massive number of orders per second, with transaction finality reaching just 380 milliseconds. This means trades happen almost instantly, a significant leap forward. Backed by large institutions and built with a strong focus on security, Sei offers both speed and reliability. For traders and exchanges seeking efficiency, Sei presents a promising platform.

Looking at the current market, Sei’s potential growth is attracting attention. If it hits its upper price target, it could see an increase of 323.76% by 2030. This positions Sei as an intriguing option compared to other coins. While many blockchains aim for general applications, Sei’s specialized approach caters directly to the needs of trading and exchanges. With the ongoing rise of decentralized finance and a growing demand for swift, secure transactions, Sei’s unique technology could make it a standout choice in the crypto market’s next phase.

Aptos (APT)

A new player has entered the blockchain arena. Aptos, often called a “Solana Killer,” is making waves with its promise of a faster, cheaper, and more reliable blockchain. It aims to solve the problems of high transaction fees and network slowdowns that have plagued other blockchains like Ethereum in the past. Built by Aptos Labs, which was founded by the minds behind Meta’s Diem project, Aptos uses a proof-of-stake system to keep things running smoothly. It also introduces a new programming language called Move, which is designed to be safe and flexible for building smart contracts and Web3 apps.

So, what makes Aptos stand out in the crowded crypto market? Its focus on scalability and speed could give it an edge over other blockchains like Solana and Ethereum. With the crypto market constantly evolving, coins that offer real solutions to existing problems tend to attract attention. Aptos’s technology could make it an attractive option for developers and investors looking for the next big thing. However, as with any new coin, it’s important to watch how it performs over time. In the current market cycle, where innovation is key, Aptos might just be the fresh start the crypto world is looking for.

XRP (XRP)

XRP is a digital currency designed to make global payments quick and affordable. It runs on the XRP Ledger, a decentralized system without a central authority, ensuring transactions are secure, irreversible, and require no bank account. Created by Jed McCaleb, Arthur Britto, and David Schwartz, XRP launched with 100 billion coins, with 80 billion gifted to Ripple to enhance its reach. Ripple, initially called OpenCoin Inc., uses XRP to boost network liquidity and controls its release through escrow. The name XRP comes from “ripple credits,” highlighting its goal to make transferring money across currencies seamless.

In today’s market, XRP shows significant potential. Its fast, low-cost transactions set it apart from cryptocurrencies like Bitcoin and Ethereum, which can be slower and more expensive. XRP’s focus on facilitating cross-border payments makes it attractive for international money transfers. As the demand for quick and affordable global transactions grows, XRP could see increased adoption. Compared to other coins, its real-world payment solutions give it a unique position in the crypto space. Watching market trends and regulations is important, as they can influence its future success.

Conclusion

While Bitcoin struggles to reach the key milestone of $70,000, PEPE, SEI, APT, and XRP show promise for substantial growth thanks to their highly efficient solutions that make them attractive and drive the demand for these tokens. Meanwhile, XYZVerse (XYZ) stands out as an especially promising contender for stellar growth given its unique offers. This first all-sports memecoin aims for 99,900% growth, uniting fans in a community-driven ecosystem.

News.Az

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Crypto

North Korean hackers account for 60% of all cryptocurrency stolen in 2024

Published

4 hours ago

December 20, 2024

Press Room

North Korean hackers account for 60% of all cryptocurrency stolen in 2024

North Korean hackers have stolen $1.34bn (£1bn) in cryptocurrency in 2024, accounting for nearly 60 per cent of the total amount stolen across the world, according to a new study.

A total of $2.2bn (£1.76bn) has been stolen from crypto platforms this year, marking a rise of 21 per cent, with crypto hacks by North Korean affiliates “becoming more frequent”, a study by blockchain analysis company Chainalysis said.

The amount stolen by North Korea-affiliated saw a 102 per cent increase in value from 2023, when an estimated $660.50m was stolen.

Isolated in the global market and reeling under international sanctions, the government in North Korea is accused of turning to crypto theft to fund state-sponsored operations and support its booming nuclear arsenal.

The report said that the US and international experts have assessed that Pyongyang uses the stolen crypto money to “finance its weapons of mass destruction and ballistic missiles programs”.

“Hackers linked to North Korea have become notorious for their sophisticated and relentless tradecraft, often employing advanced malware, social engineering, and cryptocurrency theft to fund state-sponsored operations and circumvent international sanctions,” the report said.

North Korean leader Kim Jong Un (C) overseeing a simulated nuclear counterattack drill earlier this year (EPA)

Some of these attacks appeared to be linked to North Korean IT workers who have been able to infiltrate crypto and other technology firms, the report added.

“These workers often use sophisticated Tactics, Techniques, and Procedures (TTPs), such as false identities, third-party hiring intermediaries, and manipulating remote work opportunities to gain access,” it said.

The research comes at a time when the value of bitcoin, the world’s biggest and best-known cryptocurrency, has rallied to record levels ahead of US president-elect Donald Trump‘s second administration. This week Mr Trump reiterated that he plans to create a US strategic reserve of bitcoin similar to its strategic oil reserve, stoking the enthusiasm of crypto bulls.

The US Department of Justice (DoJ) has launched a crackdown on North Korean hackers engaged in crypto theft in recent years. It indicted 14 North Korean nationals who obtained employment as remote IT workers at US companies and were accused of generating more than $88m by stealing proprietary information and extorting their employers.

In one of the most significant incidents of crypto theft, a North Korea-affiliated hack targeted the Japanese cryptocurrency exchange DMM Bitcoin. The attack led to the theft of around 4,502.9 Bitcoin, worth $305m at the time.

Crypto

North Korean hackers stole $1.3bn in crypto this year, report says

Published

11 hours ago

December 20, 2024

Press Room

North Korean hackers stole .3bn in crypto this year, report says

A total of $2.2bn (£1.76bn) in cryptocurrencies has been stolen this year, with North Korean hackers accounting for more than half that figure, according to a new study.

Research firm Chainalysis says hackers affiliated with the reclusive state stole $1.3bn of digital currencies – more than double last year’s haul.

Some of the thefts appear to be linked to North Korean hackers posing as remote IT workers to infiltrate crypto and other technology firms, the report says.

It comes as the price of bitcoin has more than doubled this year as incoming US president Donald Trump is expected to be more crypto-friendly than his predecessor, Joe Biden.

Overall, the amount of cryptocurrency stolen by hackers in 2024 increased by 21% from last year but it was still below the levels recorded in 2021 and 2022, the report said.

“The rise in stolen crypto in 2024 underscores the need for the industry to address an increasingly complex and evolving threat landscape.”

It said the majority of crypto stolen this year was due to compromised private keys – which are used to control access to users’ assets on crypto platforms.

“Given that centralised exchanges manage substantial amounts of user funds, the impact of a private key compromise can be devastating”, the study added.

Some of the most significant incidents this year included the theft of the equivalent of $300m in bitcoin from Japanese cryptocurrency exchange, DMM Bitcoin, and the loss of nearly $235m from WazirX, an India-based crypto exchange.

The US government has said the North Korean regime resorts to cryptocurrency theft and other forms of cybercrime to circumvent international sanctions and raise money.

Last week, a federal court in St Louis indicted 14 North Koreans for allegedly being part of a long-running conspiracy aimed at extorting funds from US companies and funnelling money to Pyongyang’s weapons programmes.

The US State Department also announced that it would offer a reward of up to $5m for anyone who could provide more information about the alleged scheme.

Crypto

New Opportunities for Businesses with Cryptocurrency Wallets | Fingerlakes1.com

Published

20 hours ago

December 19, 2024

Press Room

New Opportunities for Businesses with Cryptocurrency Wallets | Fingerlakes1.com

Cryptocurrency wallets are no longer a niche tool for tech enthusiasts, they’re quickly becoming a must-have for businesses looking to adapt and grow.

These digital wallets allow companies to store, manage, and accept cryptocurrencies securely, offering a host of advantages for businesses worldwide.

With the rise of blockchain technology, tools like a crypto wallet for your business are helping organizations unlock new opportunities for speed, security, and global expansion.

In this article, we’ll break down how cryptocurrency wallets can transform businesses, highlighting their features, benefits, and real-world applications.

Key Features of Cryptocurrency Wallets for Businesses

Security:

Cryptocurrency wallets use advanced blockchain technology to protect against fraud, hacking, and data breaches.

Each transaction is recorded on an immutable ledger, ensuring transparency and minimizing the risk of manipulation.

For businesses, this translates to a higher level of trust and reduced exposure to fraud.

Efficiency:

Speed is everything in today’s business world.

With crypto wallets, transactions are processed much faster compared to traditional banking methods.

No waiting days for wire transfers, payments are completed in minutes, whether it’s across town or across the globe.

Global Access:

Unlike traditional payment methods, cryptocurrency wallets aren’t restricted by borders or currency conversions.

Businesses can seamlessly operate in international markets, offering customers an easy and affordable way to pay without dealing with exchange rates or high transaction fees.

Opportunities Provided by Crypto Wallets

The growing popularity of cryptocurrency isn’t just hype, it’s backed by numbers.

As of 2024, approximately 562 million people own some type of cryptocurrency, which represents about 6.8% of the global population, according to a recent survey by Triple A.

For businesses, these millions of crypto wallets unlock a wide range of opportunities:

Expanding Customer Base: Tech-savvy customers and international audiences are increasingly turning to cryptocurrencies for their purchases.

Businesses that accept crypto payments can attract a wider audience, including customers in regions with limited access to traditional banking systems.

Cost Savings: Traditional payment processors and credit card networks come with hefty transaction fees.

Cryptocurrency payments, on the other hand, have significantly lower fees, especially for international transactions.

Over time, these savings can make a real impact on a company’s bottom line.

Revenue Growth: By accepting cryptocurrencies, businesses can tap into a growing market segment and create new revenue streams.

Whether it’s Bitcoin, Ethereum, or stablecoins, crypto acceptance positions businesses as forward-thinking and innovative.

Financial Independence: Crypto wallets allow businesses to operate independently of banks and intermediaries.

Companies gain full control over their finances and can send or receive payments anytime, anywhere, without relying on third-party approval.

Use Cases for Businesses

Cryptocurrency wallets are already transforming industries, helping businesses reduce costs, improve efficiency, and attract new customers.

Here are a few specific examples:

E-commerce and Online Services: Online retailers are increasingly adopting crypto wallets to reach global customers and reduce transaction fees. By accepting cryptocurrencies, e-commerce platforms eliminate middlemen and offer faster, cheaper payments.
Gaming and Entertainment: The gaming industry has embraced cryptocurrency as a payment method for in-game purchases, subscriptions, and digital goods. Crypto wallets offer gamers a seamless way to pay while enabling businesses to attract a tech-savvy audience.
Forex and Trading Platforms: Crypto wallets are a natural fit for forex and trading businesses, allowing them to accept and process digital assets quickly and securely. This improves liquidity and gives traders more flexibility with their investments.

Real-World Case Study:

In 2014, large ecommerce retail Overstock.com started accepting crypto payments and they then reported that 5.6% of all their sales for the following year were attributed to crypto.

By removing transaction barriers and offering a flexible payment option, they successfully expanded their global reach and boosted sales.

Conclusion

Cryptocurrency wallets are opening up new opportunities for businesses to grow, adapt, and thrive in a digital-first world.

From enhanced security and cost savings to faster transactions and global accessibility, the benefits are hard to ignore.

By adopting a reliable crypto wallet for your business, you’re not just staying ahead of the curve, you’re setting your company up for long-term success.

With crypto adoption on the rise, there’s never been a better time to explore the future of payments.

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