Altcoins
Why you should reconsider your investment now!
2023 has been a great year for altcoins. New cryptocurrencies are released almost daily, so you always have plenty of investment options to explore. However, many recently launched altcoins are pump-and-dump investments that often leave token holders in losses if they do not sell their coins immediately after the platforms go live.
That said, a few emerging altcoins are designed according to industry best practices. The following platforms should be at the top of your investment priority list, as they are most likely to deliver 100x gains before the end of the year. So let’s see what they offer and why you should invest in them as soon as possible if you want to enjoy a high ROI.
1. Meme Kombat – A Bet-to-Win Coin with AI Features
Meme Kombat is an innovative blockchain project that combines the world’s most popular memes with the excitement of a fighting arena. It is a fully decentralized platform built on Ethereum, and its goal is to provide users and meme lovers with a unique battle arena experience that will help them earn $MK native tokens while laughing out loud.
The Meme Kombat Arena is the focus of the project and is the place where users can compete their favorite memes against each other to win valuable prizes. However, Meme Kombat is also a staking platform that allows users to get high APYs and additional $MK tokens, making it a great long-term investment option. When fighting in the Arena, players can also bet on who will win the match, giving users another way to earn tokens.
The platform will have a total of 12 million $MK tokens. 50% is available in the ongoing pre-sale, 30% will be used for combat and staking rewards, 10% will be used for liquidity, while the remaining 10% will be distributed via community rewards, loyalty programs, etc. .
$MK tokens are available for pre-sale now, and you can even stake them as soon as you invest, months before the platform goes live. Visit the official website and read the white paper to learn more about this brand new cryptocurrency project.
2. Bitcoin BSC – New version of Bitcoin built on the Binance Smart Chain
Bitcoin BSC is another exciting cryptocurrency platform entering pre-sale in early September 2023. It is completely inspired by the original Bitcoin platform, sharing the same number of tokens, token allocation, reward system and other details. However, two major differences make this platform superior to the world’s top-ranked cryptocurrency.
First, Bitcoin BSC uses the proof-of-stake mechanism to reward users with additional $BTCBSC tokens. This makes it 99.9% more energy efficient than Bitcoin, making it more sustainable and environmentally friendly. Second, Bitcoin BSC is built on the Binance Smart Chain, so it is a BEP-20 token that you can easily transfer to any popular crypto wallet. Additionally, BSC shares the same code as Ethereum, which means it has the same high-end security and high scalability.
$BTCBSC tokens entered presale on September 5, raising over $4 in just two weeks. The platform is in its final pre-sale stage, and once the cap of $6.06 million is reached, Bitcoin BSC will go live, resulting in 10x or more gains. If you invest today, you can stake your coins for higher returns once the token goes live, so visit the official website to learn more about the best Bitcoin alternative ever.
3.TG. Casino – Fully Licensed Telegram Casino Platform Entering Pre-Sale
TG.Casino is a revolutionary online crypto casino integrated into the Telegram app. This is the result of using the latest security, speed and flexibility of the Telegram app, providing users with a seamless gaming experience within the app. The platform allows for the use of multiple cryptocurrencies with a focus on the native token $TGC. If you use the native tokens, you will get higher rewards and many other benefits.
As a result, TG.Casino offers a completely transparent system that guarantees complete fairness and prevents scams. Since it is integrated with Telegram, the casino offers end-to-end encryption which ensures that all sensitive data remains secure and safe from potential hackers and scammers.
$TGC tokens are built on Ethereum, allowing users to deposit or withdraw them quickly with exceptionally low fees. TG.Casino will have 100 million tokens, including 40 million available for pre-sale. Players will also have the opportunity to stake their tokens for high APY returns during the presale and will be able to use them in the casino once the platform goes live at the end of September. The presale raised over $160,000 in the first 24 hours, and given that the cap is set at $5 million, you need to hurry up and invest to be a part of this revolutionary online casino.
4. Launchpad XYZ – All-in-one Web3 Platform with Advanced Features
Launchpad XYZ is one of the most useful crypto platforms to appear in some time. It is designed as an all-in-one Web3 platform that allows users to access all Web3 products from a single dashboard. This includes everything from crypto presales, IEOs, Play-to-Earn games and everything in between. Its main goal is to make blockchain adoption mainstream and ensure that you never miss out on a good investment option.
The platform has an AI personal assistant called Apollo, which will help you make informed decisions based on real market data, sentiments and advanced insights. This will give you a business advantage, increasing your ROI while reducing risk. Launchpad XYZ will simplify the complex world of Web3, presenting all essential information in a single dashboard for easy navigation.
Over time, the platform will help you develop your trading skills, making you a better investor. Of course, you must use native $LPX tokens to access advanced analytics features and information. They will give you access to Launchpad Quotient, an innovative ranking system that uses over 400 data points to provide unprecedented insights into the best investment opportunities. $LPX tokens are currently available for pre-sale, so visit the official website and invest now to get the highest returns in the future.
5. Chancer – Revolutionary Crypto to Redefine the Betting Industry
Chancer is another emerging crypto that targets the betting industry. It aims to replace bookmakers with unfavorable odds by allowing users to create personalized betting slips and odds. The new approach to betting will not only facilitate fairness, but also increase the user’s chances of winning and give them more control when placing bets.
But that’s just the tip of the iceberg, because Chancer goes much further than just sports betting. For example, it allows users to bet and place bets on popular song contests, presidential elections and anything else that comes to mind. Users must stake their CHANCER tokens to participate in betting, and they can place bets in real time as the event occurs.
The platform will be available worldwide, allowing players from all countries to compete while making new friends.
Chancer wants to capture a portion of the ever-growing betting industry that will reach $150 billion by 2030. As such, it is one of the best crypto investment options in 2023 and will likely drive returns 10x or more.
Wrap
The cryptos covered above are all expected to explode in late 2023, providing early investors with some of the highest gains in the market. However, if you are looking for the best investment option, visit the official Wall Street Memes website and get $WSM tokens before the platform goes live on September 25. $WSM tokens will be listed on multiple Tier 1 exchanges. Once available, they will likely outperform the rest of the markets, resulting in massive gains that could turn early investors into millionaires!
Altcoins
On-chain data confirms whales are preparing for altcoin surge with increased buy orders
Ki Young Ju, CEO of analytics platform CryptoQuant, believes whales are preparing for an upcoming surge in altcoins.
In a recent revelation about X, Ju underlines that the volume of limit buy orders for altcoins, excluding Bitcoin and Ethereum, is increasing. This pattern suggests the formation of substantial buy walls, highlighting significant buying pressure from large-scale investors.
Ju’s chart identifies two main phases in limit order volume for altcoins: the limit sell phase and the limit buy phase. The limit sell phase saw a notable increase in cumulative sell orders in 2022, demonstrating strong selling pressure from whales and other market participants. This phase coincided with a period of falling altcoin prices due to unfavorable market conditions.
Then, the limit buying phase began, marked by a significant increase in cumulative buy orders. This indicates a period of strategic accumulation where whales establish substantial buy walls.
According to Ju, the increase in buying volume suggests confidence in the future conditions of the altcoin market. This buying pressure creates strong support levels, indicating that whales are preparing for a positive change in the market.
Buying pressure on specific altcoins
Ju also provided a heatmap of the 1-year normalized cumulative buy/sell volume difference for various altcoins, showing the buying and selling pressure over time. Solana (SOL) has seen alternating strong buying and selling phases, with recent activity showing increased buying interest. Cosmos (ATOM) and Polygon (MATIC) have also shown increased buying pressure despite mixed activity trends.
Cardano (ADA) and PancakeSwap (CAKE) have shown balanced buying and selling phases, with recent trends proving increased buying pressure. Coins like AMP and ANKR have also demonstrated increased buying activity. The heatmap reveals that most altcoins are seeing increased buying pressure as whales and large investors accumulate altcoins in anticipation of a rally.
Meanwhile, coins experiencing selling pressure, as indicated by the predominantly red areas on the heatmap, include DOGE, DASH, AXS, XRP, COMP, and AAVE, BNT.
Bitcoin whales are also buying
It is important to note that while whales are accumulating altcoins, Bitcoin whales are also active. Crypto Basic note an increase in buyer activity on Binance, which aligns with an increase in the buy/sell ratio of takers and whale movements. Analyst Ali Martinez highlighted the ratio fluctuations from below 0.8 to above 1.7 between July 27 and 31. Ratios above 1.0 indicate aggressive buying, often preceding price rallies.
From July 27 to July 28, the ratio remained mostly above 1.0, corresponding to the rise in Bitcoin price from around $66,500 to over $67,000. A spike to around 1.5 led to a sharp increase in price to around $68,500. However, on July 30 and 31, the ratio fell below 1.0 several times, corresponding to a drop in price to around $66,000, before a final spike to 1.7 indicated another slight increase in price.
Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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Altcoins
How to buy a car with cryptocurrency
The automotive and cryptocurrency industries have been merging for the past few years. As digital currencies become more prevalent in everyday activities, it is increasingly likely that they will be integrated into everyday transactions, such as when buying a car. The article unpacks the dynamic relationship between cryptocurrency and car buying today, explaining how digital currencies can be used to buy a vehicle today. It includes elements such as some of the benefits and challenges of buying a car using cryptocurrency and what lies ahead in the future.
Understanding Cryptocurrency Payments in the Automotive Industry
Cryptocurrency is not just a digital asset; it represents a revolutionary approach to decentralized financial transactions. The automotive industry, known for its adaptability, has begun to accept cryptocurrencies as a legitimate form of payment in various markets. For example, luxury car dealerships and online platforms offering car auctions in new york increasingly allow buyers to purchase cars using cryptocurrencies.
There are several factors that determine how much cryptocurrency you need to buy a car. Among them, the most influential will be the current value of the cryptocurrency you want to use at that moment. Unlike traditional currencies, cryptocurrencies can be very volatile. Their value can change drastically in an instant, which affects the amount needed at the time of purchase.
Benefits of Buying Cars with Cryptocurrency
Buying cars with cryptocurrencies offers several advantages:
– Reduced transaction fees: Cryptocurrencies can reduce the fees involved in large financial transactions typical of car purchases.
– Enhanced Privacy: Buyers who value their privacy can benefit from anonymity through blockchain-based transactions.
– Speed and convenience: transactions are faster than those carried out by banks, especially when the operation has an international scope.
Challenges and considerations
Although the benefits are compelling, several challenges must be considered:
– Volatility: At one moment, the price of any cryptocurrency can collapse, or the next minute it can skyrocket, and the price needed to buy a car can double or triple from one day to the next.
– Limited acceptance: Not all dealers accept cryptocurrency, which in turn may limit its use for making purchases.
– Tax implications: This may create different tax implications on purchases via cryptocurrency, depending on your jurisdiction.
Practical steps to buy a car with cryptocurrency
If you want to use cryptocurrency to buy a car, follow these steps:
- Ensure Acceptance: Check if the dealer or auction accepts the use of cryptocurrency.
- Check the conversion rate: You need to know how much your cryptocurrency is currently trading at compared to the price of the car in fiat currency.
- Secure your funds Make sure your digital wallet is secure and funded.
- Know the terms: Be informed and be clear about return policies as well as any additional fees incurred.
- Complete the transaction: Continue the payment via the digital wallet.
Future prospects
There is a good chance that many car dealerships will start accepting digital currencies, especially when blockchain technology pushes the boundaries and cryptocurrencies become stable. This trend is expected to be propelled forward due to the increasing demand for transparency, security, and efficiency in transactions.
Conclusion
The potential for cryptocurrencies to have a real impact on the car buying process is enormous. Of course, there are a few issues that emerge when considering the current market, including volatility and limited acceptance. However, the benefits of using digital currency to execute such transactions can easily outweigh the drawbacks for many buyers. As both sectors continue to grow, buying cars with cryptocurrencies shows a promising future and therefore creates a more connected and developed technological automotive market.
This means that buying a car, whether in cryptocurrency or in another form, is not just about following technological trends; it is rather about enjoying greater freedom and efficiency in financial transactions. Indeed, the closer the digital and automotive worlds become, the more buyers should expect simpler, much safer and also very innovative ways of purchasing.
Disclaimer: This press release article is provided by the client. The client is solely responsible for the content, quality, accuracy, products, advertising or other materials on this page. Readers should conduct their own research before taking any action related to the material available on this page. Crypto Basic is not responsible for the accuracy of the information or for any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods or services mentioned in this press release article.
Please note that The Crypto Basic does not endorse or support any content or products on this page. We strongly advise readers to conduct their own research before acting on the information presented here and to take full responsibility for their decisions. This article should not be considered investment advice.
Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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Altcoins
Introducing Bit-Chess. The World’s First Fully Decentralized Chess Platform
Bit-Chess announces the pre-sale of the world’s first fully decentralized chess platform, combining the classic strategy game with the innovative world of cryptocurrencies. This platform will change the way millions of people interact with chess online, providing a digital space where players can enjoy their favorite game, compete in global tournaments, and earn rewards through play-to-win mechanics.
Bit-Chess is an entry point for both experienced players and newcomers to the crypto space. It provides tools and guides to help even inexperienced users get started with cryptocurrencies by creating in-game wallets upon first login. It is the first chess game to use Web3 technology, and all participants can earn money while playing.
During the presale, 500 of the 2,000 special NFTs will be available, with the rest distributed through tournaments and auctions. Unless NFT holders agree otherwise, the team will manage 1,500 NFTs, preserving their rarity with a cap of 2,000 pieces. More information about the NFT marketplace will be released after the token’s official launch.
The platform aims to become the world’s leading online chess center, offering:
Play to win features.
Global tournaments with cash or NFT prizes.
Player versus player challenges
Special NFTs and more
Bit-Chess invites players from all over the world to join its unique ecosystem, where playing chess is more than just entertainment: it’s an opportunity to earn and learn in the world of crypto.
For more information and to participate in the presale, Visit the Bit-Chess website.
Disclaimer: This press release article is provided by the client. The client is solely responsible for the content, quality, accuracy, products, advertising or other materials on this page. Readers should conduct their own research before taking any action related to the material available on this page. The Crypto Basic is not responsible for the accuracy of the information or for any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods or services mentioned in this press release article.
Please note that The Crypto Basic does not endorse or support any content or products on this page. We strongly advise readers to conduct their own research before acting on the information presented here and to take full responsibility for their decisions. This article should not be considered investment advice.
Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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Altcoins
Here’s the price of XRP if it handles 10% of SWIFT transactions
Popular community figure Amélie predicts a massive increase in the price of XRP if its underlying network, XRPL, is used to process 10% of all SWIFT transactions.
In a recent article on X, Amélie took on SWIFT (Society for Worldwide Interbank Financial Telecommunication), suggesting that XRP is a better alternative for cross-border settlements.
Ripple claims Swift is not fast enough
In a recent post on X, the community personality called attention to a Ripple ad claiming that “Swift isn’t fast enough.” The remark was a subtle criticism of Ripple’s transaction processing speeds for the global financial messaging giant.
Interestingly, Ripple has recommended financial institutions to adopt its solution to instantly transfer value across borders.
Amelie compared the processing speed of SWIFT and XRP transactions. According to community figures, cross-border transactions on SWIFT typically take between three and five business days. Conversely, Amelie claimed that XRP transactions can be completed in four seconds.
After the analysis, Amélie echoed Ripple’s sentiments, pointing out that SWIFT is not fast enough compared to XRP.
XRP to Surpass $1,000 if it handles 10% of SWIFT transactions
Therefore, enthusiasts have speculated that all SWIFT transactions will eventually be processed through the XRP Ledger (XRPL), the underlying blockchain of the XRP token.
Interestingly, she suggested that the price of XRP could surpass $1,000 per token if 10% of all SWIFT network transactions were processed through XRPL. However, Amelie did not provide details on how XRP could reach this milestone.
SWIFT VS XRP:
SWIFT: 3 to 5 business days
XRP: Cross-border payments in 4 seconds
SWIFT IS NOT FAST ENOUGH!
I think all Swift transactions will soon be processed via #XRPL 💵💱💴
10% of SWIFT network = $1,000+ per XRP! pic.twitter.com/Jt6mumQHfb
— 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) July 20, 2024
Can XRP replace SWIFT?
Several cryptocurrency enthusiasts have compared XRP to SWIFT in recent years. In particular, the famous crypto asset manager Grayscale characterized XRP as an alternative to SWIFT. Notably, some users have taken this comparison further by projecting that XRP could eventually replace SWIFT because of its inefficiencies, including slow transaction processing.
The potential replacement of XRP with an established system like SWIFT would require more than just community support. Factors such as the final resolution of the SEC lawsuit, increased institutional adoption of XRP, and large-scale commercial partnerships leveraging Ripple’s payment solution could play a critical role in XRP’s potential replacement or integration with SWIFT.
Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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