The post Hamster Kombat Records 45% Price Drop: A Step-by-Step Guide to Selling Tokens and Withdrawing in INR appeared first on Coinpedia Fintech News

On September 26, Binance officially listed Hamster Kombat (HMSTR), allowing users to engage in trading, margin, and investment activities for the token. Following the listing on major exchanges, HMSTR’s price has seen a notable decline of over 44% from its peak of nearly $0.01, which previously pushed its market capitalization to over $600 million.

Despite this correction, the token remains in an exciting phase, with the potential for significant future gains. However, investors should brace for possible sell-offs as early adopters and airdrop recipients look to secure their profits after the initial surge in trading activity. In this period of uncertainty, here’s a detailed guide on how to sell your tokens and convert them into INR. 

Selling Tokens:

Open Binance or your chosen exchange.

Go to the Market section and search for “Hamster”.

Select the trading pair “HMSTR/USDT.”

Click Sell, choose how many tokens you want to sell, and place your sell order.

The sold tokens will convert to USDT in your account.

Withdraw USDT to CoinDCX:

If you want to convert USDT into INR, transfer USDT to an Indian exchange like CoinDCX.

In CoinDCX, go to your Portfolio, click Deposit, and select BEP20 as the network.

Copy the address, then go back to Binance, click on Withdraw, paste the copied address, select BEP20, and input the amount of USDT to transfer.

Confirm the withdrawal, and once it’s processed, your USDT will appear in your CoinDCX account.

Convert USDT to INR:

Once your USDT is in CoinDCX, sell it for INR.

Go to Funds, click on Withdraw INR, and input the amount.

Link your bank account if you haven’t done so already.

Complete the process, and the INR will be deposited into your bank account within minutes.

The post Ripple News: Pro-XRP Lawyer Explains Why SEC’s Gary Gensler Could Appeal and Face Another Court Defeat appeared first on Coinpedia Fintech News

The potential for the U.S. Securities and Exchange Commission (SEC) to appeal in the Ripple vs. SEC case is being discussed widely, with speculation that an appeal might drag the lawsuit into 2025. The SEC has accused Ripple of selling XRP as an unregistered security, while Ripple argues that XRP is not a security. Despite recent court victories for Ripple, the possibility of an appeal remains.

Recently, journalist Eleanor Terrett shared on X that a former SEC lawyer, who recently left the agency, revealed the SEC is likely to appeal Judge Torres’s July 2023 ruling in the Ripple case. The reason? The SEC believes the decision on XRP programmatic sales is wrong and should be challenged.

Pro-XRP lawyer John Deaton responded and said that Judge Torres did not apply all three parts of the Howey Test. Some consider it a four-part test due to the third prong having two elements.  Deaton has been involved in the Ripple case for over 2.5 years and has contributed as an Amicus Brief, submitting 3,800 XRP Holder Affidavits.

As someone who knows the @Ripple case very well, considering I was an active litigant for over 2 1/2 years, and considering Judge Torres cited my Amicus Brief, and the 3,800 XRP Holder Affidavits I submitted, as well as my efforts, as Amicus Counsel, in the @LBRYcom case (see… https://t.co/Ot7AgoFQh7

— John E Deaton (@JohnEDeaton1) September 26, 2024

Deaton believes that an appellate court is unlikely to find that Judge Torres made an error when applying the third prong. He said that the SEC didn’t present expert testimony on XRP holders (which was excluded), but the Judge did rely on the affidavits from XRP holders.

Ripple Vs SEC Appeal Deadline: What’s Next?

Deaton explained that while Judge Torres acknowledged that secondary sales could potentially be investment contracts under different circumstances, the facts in the Ripple case do not meet the Howey Test criteria. Therefore, the ruling is likely to be upheld on appeal, but this doesn’t prevent the SEC from arguing about secondary sales in future cases.

Additionally, Judge Torres ruled that secondary sales on exchanges didn’t satisfy the third prong of the Howey Test, and since all prongs must be met, she didn’t need to address the common enterprise factor. 

Deaton views this common enterprise factor as the weakest part of the SEC’s case. He said, “Even if the 2nd Circuit ruled Judge Torres erred applying the 3rd prong, the SEC doesn’t win the case. The case would go back to Judge Torres for her to apply the common enterprise prong and she would likely rule the SEC didn’t establish a common enterprise. If that happened, the SEC would lose AGAIN and then have to appeal all over.”

The post Big Breaking: SEC To ‘Probably’ Appeal XRP Programmatic Sales Ruling In Ripple Case appeared first on Coinpedia Fintech News

In August, Ripple’s long-running legal battle over XRP saw a major development. However, with the U.S. Securities and Exchange Commission (SEC) likely to appeal, a new chapter may begin. Former SEC attorneys shared details into the agency’s potential appeal strategy, focusing on programmatic sales and their classification as unregistered securities.

Fox Business journalist Eleanor Terrett took her X handle and revealed that a former SEC lawyer who recently left the agency says the SEC will “probably” appeal Judge Torres’s July 2023 ruling on XRP programmatic sales in the Ripple case. According to him, many at the SEC believe the ruling is wrong, bad law, and should be appealed. 

She added, “Going to do a deeper dive into the SEC’s options and what we could see as we near the October 7th appeal deadline.”

Of COURSE they think the opinion is wrong – they were on the losing side.What the SEC SHOULD be thinking of right now is whether an appeal furthers its mandate of investor protection and capital formation. Why isnt that top of mind?More evidence the SEC has lost the plot.

— Jeremy Hogan (@attorneyjeremy1) September 26, 2024

Judge Analisa Torres ruled on July 13, 2023, that Ripple’s direct sales of XRP to institutional investors (Institutional Sales) were considered securities transactions, while sales on digital asset trading platforms (Programmatic Sales) were not.

The XRP community had mixed reactions to the latest development. Attorney Jeremy Hogan said that, “Of COURSE they think the opinion is wrong – they were on the losing side. What the SEC SHOULD be thinking of right now is whether an appeal furthers its mandate of investor protection and capital formation. Why isnt that top of mind? More evidence the SEC has lost the plot.”

For the unversed, Stuart Alderoty, Ripple’s Chief Legal Officer, recently announced the end of this four-year conflict, with the SEC even apologizing for mischaracterizing XRP. The SEC has not yet confirmed if it will appeal the recent rulings in the SEC vs. Ripple case. Both Ripple and the SEC have a 60-day window to file appeals, with the deadline set for October 7, which is 60 days after the final judgment.

The post XRP Price Prediction: Ripple Could Stall as Massive Whales Buy This Cheap Ethereum Presale for 5000x Profits appeared first on Coinpedia Fintech News

Ripple (XRP) has started slowing down as the crypto market continues rallying. As a result, whales have started migrating to tokens that have maintained an upward trajectory. 

This explains why RCO Finance (RCOF), an emerging Ethereum token, has attracted hordes of investors despite being in its presale. 

Why are Ripple (XRP) whales shifting gears to RCO Finance (RCOF)? Continue reading to discover!

Ripple Plunges 1% in a Week: Will Bulls Return Soon?

Ripple has underperformed over the past seven days despite the crypto market rallying. On September 19, the XRP price was hovering around $0.5896. After experiencing a brief tumble, the XRP price picked up momentum on September 19 due to a Bitcoin-led bull run. 

This bullish trend saw the XRP price climb as high as $0.6100 on September 21. However, the excitement died, and the XRP price began correcting downward. By September 24, Ripple (XRP) had stabilized at around $0.5830. This price means XRP has plunged 1% in a week. 

Moreover, the 24-hour Ripple trading volume has tanked 10%. This decline indicates dwindling whale interest. As whales shift from Ripple, the XRP price will likely take another hit and plunge further. 

RCOF: A High-Potential Presale Opportunity!

With the XRP price slumping, whales are actively migrating to RCOF, a new Ethereum token. RCOF has attracted whales and small investors because its presale offers a low entry point and promises massive returns. Also, SolidProof, a top blockchain security firm, audited this RCOF’s smart contract, ensuring it is safe to invest in. 

As of September 24, RCOF was in Stage 2 of its ongoing public presale. Investors can now purchase this Ethereum token at $0.0344 and await tremendous returns when it completes its presale at $0.4-$0.6. 

As RCOF’s demand rises, experts believe this Ethereum token will surge 5,000%, eclipsing XRP’s 1,400% surge between Q4 2017 and Q1 2018. Experts expect RCOF to make this leap by late 2024. Moreover, experts believe this Ethereum token will surge astronomically when it launches on top DEXs and CEXs. 

RCO Finance Shakes Up The DeFi Sector With Its Robo Advisor!

Like its native RCOF token, RCO Finance has also captured investor interest because of its mission to simplify investing in the crypto and TradFi sector. 

As part of this mission, RCO Finance tokenizes real-world assets (RWAs), offering investors access to illiquid assets like real estate, precious metals, and art. 

RCO Finance has also enthralled investors because of its flagship feature, an AI-powered robo advisor. The robo advisor taps advanced algorithms and machine learning to simultaneously monitor market trends and news related to the 120,000+ assets on the RCO Finance platform. 

This revolutionary trading tool matches this data to an investor’s risk tolerance and financial goals before offering personalized investment recommendations. For instance, the robo advisor can give investors data-driven insights on when to buy, sell, or double down on specific assets for peak profitability and low risk. 

It is worth noting that the robo advisor can automatically complete trades on an investor’s behalf. This functionality allows investors to sit back and let this game-changing trading tool adjust their portfolios in real time. 

Besides its robo advisor, RCO Finance has attracted investors because its non-KYC sign-up approach lowers the entry barrier. This forward-looking approach also helps investors maintain their anonymity, a much-treasured feature in the cryptoverse. 

RCO Finance has also won over investors because it issues debit cards to simplify spending on crypto. Additionally, it boasts a rewards and cashback program that incentivizes staking and trading. 

These perks explain why RCO Finance is quickly gaining headway in the DeFi sector!

For more information about the RCO Finance Presale:

Visit RCO Finance Presale

Join The RCO Finance Community

The post Dogwifhat (WIF) Whale $2 million Bets, Eyes on $2.85 Level appeared first on Coinpedia Fintech News

The popular Solana-based meme coin, Dogwifhat (WIF) is poised for massive upside momentum as investor and whale interest skyrocketed. Over the past seven days, WIF has made waves in the crypto industry, experiencing a significant price surge of over 43%, from $1.62 to $2.27.

WIF Whale On Buying Spree

Following this impressive price surge, on September 26, 2024, the largest holder of WIF made a big bet by buying 894,854 WIF tokens for $2 million at an average price of $2.24, as reported by Lookonchain. This significant acquisition suggests that despite the massive price surge, the meme coin still has potential, which could explain why whales are on a buying spree.

Source: X (Previously Twitter)

In addition to the recent purchase, this WIF holder also made a significant acquisition of over $4.2 million worth of WIF at an average price of $1.76, on September 20, 2024. Following these purchases, this WIF whale now holds a significant 32.1 million WIF tokens worth $71 million, with an unrealized profit of over $86 million.

Dogwifhat (WIF) Technical Analysis and Upcoming Levels

According to CoinPedia’s technical analysis, WIF is currently facing strong resistance near the $2.3 level. Based on the meme coin’s recent performance, it appears the token may experience a slight price correction before rallying further.

Source: Trading View

Based on the historical price momentum, if WIF closes its daily candle above the $2.4 level, there is a strong possibility the token could soar another 20% to reach the $2.85 level in the coming days. Currently, the market sentiment is bullish, and whales are on a buying spree, which indicates that WIF could easily breach this hurdle.

WIF Current Price Momentum

At press time, WIF is trading near the $2.20 level and has experienced a price surge of over 9% in the past 24 hours. During the same period, its trading volume increased by 18%, indicating higher trader participation as it approaches the resistance level.

The post Shiba Inu (SHIB) Tops the Crypto Market with 20% Gain, What’s Next? appeared first on Coinpedia Fintech News

On September 27, 2024, the overall cryptocurrency market experienced a price reversal amid this Shiba Inu (SHIB) outperformed major cryptocurrencies with its impressive performance. According to the coinmarketcap data, SHIB has experienced a significant price surge of over 20% in the last 24 hours and is currently trading near the $0.0000187 level.

SHIB Current Performance

During the same period, its trading volume has skyrocketed by 220%, which indicates significant participation from traders and investors amid the recent breakout. With this significant price, you might be wondering whether the SHIB price rally will continue or if we may see a price correction in the coming days.

Shiba Inu Technical Analysis and Key Levels

According to CoinPedia’s technical analysis, with its impressive price jump, SHIB recently gave a breakout of a long descending trendline and reached a strong resistance level of $0.000020. If it breaks through this hurdle and closes a daily candle above the $0.0000213 level, SHIB could soar by 35% to reach the $0.0000285 level and even higher if the sentiment remains unchanged.

Source: Trading View

Additionally, SHIB is currently trading above the 200 Exponential Moving Average (EMA) on a daily timeframe, indicating an uptrend. This breakout and the price above the 200 EMA have shifted the overall market sentiment.

This breakout appears to be a strong bullish breakout for SHIB and has created bullish hope among investors and traders, as it has been in a downtrend since March 2024.

Bullish On-Chain Metrics 

As of now, Coinglass’s SHIB Long/Short ratio currently stands at 1.015, indicating bullish market sentiment among traders. Additionally, its future open interest has skyrocketed by 39%, potentially indicating that bulls are betting more on long positions than short ones. 

Source: Coinglass

Traders often consider the combination of rising open interest and a long/short ratio above 1, when building long positions. Currently, 50.53% of top traders hold long positions, while 49.47% hold short positions. 

The post Toncoin Price Set for 20% Rally, On-Chain Metrics Signal Buy Opportunity appeared first on Coinpedia Fintech News

Amid the ongoing market reversal, Telegram-linked Toncoin (TON) has experienced a breakout from a long consolidation zone, with on-chain metrics now flashing a buy signal. Prior to this rally, TON had been consolidating between $5.38 and $5.80, near the $5.75 resistance level for the past two weeks.

TON Price Momentum 

However, today’s impressive rally broke out of that zone and shifted the overall market sentiment. At press time, TON is trading near the $5.90 level and has experienced a price surge of over 4.5% in the past 24 hours. During the same period, its trading volume increased by 6.5% and has been steadily rising, indicating renewed interest from traders and investors.

The potential reason behind the price rally is the bullish market sentiment and the upcoming airdrop in October 2024.

Toncoin Technical Analysis and Upcoming Levels

According to expert technical analysis, TON appears bullish and is now trading above the 200 Exponential Moving Average (EMA) on a daily time frame, indicating an uptrend. The 200 EMA is a technical indicator that Traders and investors use to determine whether an asset is in an uptrend or downtrend. 

Source: Trading View

Based on the historical price momentum, following the breakout, there is a strong possibility that TON could soar by 20% to the $7 level in the coming days. However, this bullish thesis will only hold if TON closes its daily candle above the $5.90 level, otherwise, it may fail.

Bullish On-Chain Metrics

As of now, TON’s bullish outlooks it further supported by on-chain metrics. Coinglass’s TON Long/Short ratio currently stands at 1.035, indicating strong bullish market sentiment among traders.

Source: Coinglass

Additionally, its future open interest has increased by 5.7% in the last 24 hours, signaling that traders are potentially building more long positions compared to short ones.

The post US Releases Updates Estimates For GDP In Q2, GDP Continues To Grow appeared first on Coinpedia Fintech News

Today, the BEA released updated estimates for GDP in the second quarter as well as their annual revision. The report showed that GDP continued to grow at a strong pace in Q2, rising 3.0%, driven by strong consumer spending and business investment. The final annualized quarterly rate of the core PCE price index in the Q2 of the U.S. was 2.8%, which was expected to be 2.8% and the previous value was 2.80%. The number of initial jobless claims in the U.S. for the week ending September 21 was 218,000, the lowest since May 18.

The post Gary Gensler Claims Crypto Regulations Exist, Affirms ‘BTC Is NOT A Security’ appeared first on Coinpedia Fintech News

SEC Chair Gary Gensler during an interview on CNBC mentioned that crypto regulations exist in the United States. He noted that many firms profited from the public’s interest in crypto without proper disclosures. He claimed that stakeholders in the crypto industry do not like these regulations, which is why they claim they do not exist. Gensler also stated during the interview that Bitcoin is not a security. Earlier, Rep Patrick McHenry had claimed that the Commission needed to focus on capital formation and providing crypto stakeholders with clarity rather than ‘taking ad hoc action to sue people and make headlines.’

The post Binance Extends Support To P2E Hamster Kombat, Trading Goes LIVE appeared first on Coinpedia Fintech News

Binance has extended trading support for Telegram-based P2E Hamster Kombat today, sparking excitement across the broader crypto market. As per the announcement, HMSTR will be added to the Simple Earn, Buy Crypto, Convert, Margin, and Auto-Invest domains of the top crypto trading platform. Users can buy the token via VISA, MasterCard, Google Pay, Apple Pay or buy and sell it with their wallet balances on the ‘Buy Crypto’ page. Further, users on the platform can also start trading the P2E coin against BTC, USDT, and any other tokens on Convert at zero fees within one hour of the spot listing.

The post Ripple Co-founder’s 30 Million XRP Transfer Leaves XRP Community Anxious appeared first on Coinpedia Fintech News

The XRP community spent the last week closely monitoring the wallet of Chris Larsen, one of Ripple’s co-founders. The wallet which was dormant for 11 years since 2013, suddenly became active. It transferred 50 million to an anonymous new wallet. 

The XRP community began closely following these $29.12 million funds as to where are they going next. 

Where are the funds going?

According to an X user under the name “XRP wallets”, these funds were sent to the world’s largest exchange, Binance. Initially, it was speculated that the transfer could be for Ripple’s ODL service.

However, considering the subsequent transfers, it was found that the purpose was something different. In the subsequent days, parts of this volume of XRP were sent to sites such as Bittrex and Coinbase, where 30 million tokens were sent today.

XRP Community At Unease

Such manipulation of large amounts of tokens is causing restlessness and discontent within the community. Notably, the community is mostly made of simple retail users, who are unlikely to hold such large amounts of cryptocurrency. 

Larsen’s plan is not clear which has left many wondering what his next step could be. It is not known whether he is going to “cash out” of these positions, i.e., sell all those XRP, or if the tokens will actually be included in the ODL settlement. 

On the other side, some users also wondered if Ripple’s cofounder account had been hacked, which happened earlier this year. However, back then Larsen had immediately given clarifications. But he has not yet remarked on the current developments.

The post Onyx Hit by $3M Hack: Exploit Targets Decentralized Protocol appeared first on Coinpedia Fintech News

OnyxDAO has been hacked, losing approximately $3.2 million, according to blockchain security firm PeckShield. The firm traced the exploit to a precision flaw in the CompoundV2 code base, which allowed hackers to manipulate the exchange rate and siphon off funds. The stolen assets include VUSD 4.1 million, XCN 7.35 million, 5,000 DAI, 230 WBTC, and 50,000 USDT according to PeckShield’s findings. The attacker’s wallet currently holds 521 ETH, valued at $1.36 million. This exploit underscores the increasing vulnerabilities in decentralized finance (DeFi) platforms, raising concerns over their security.

The post Crypto Hacks Surge: CeFi Platforms Lose $413M in Q3 2024 appeared first on Coinpedia Fintech News

Centralized Finance platforms are under attack as Ethereum and BNB Chain remain key targets.

Immunefi’s Q3 2024 report revealed that hackers and fraudsters targeted the crypto market, costing the industry $412.9 million; CeFi platforms were the most affected. 

Source: Immunefi

Among the total losses, 31 hacking-related losses totalled $409.9 million, which is 99.25% of the total hacking losses. The other $3 million was gotten through embezzlement in three particular ways. This is 40% less than the total losses recorded in Q3 2023, which were $685.9 million. Unfortunately, the particular aggression of individual attacks has augmented, especially in CeFi platforms.

WazirX and BingX , Badly Hit 

Two major crypto exchanges were affected, accounting for 69.5% of the total losses recorded in Q3. Indian exchange WazirX suffered the most, losing $235 million in a hack in July. 

Singapore’s BingX lost $52 million in September, and these two incidents alone cost $287 million, which is an example of the growing weaknesses of centralized exchanges.

CeFi vs. DeFi: A Growing Shift in Targets

The same report from Immunefi reveals that centralized finance (CeFi) platforms contributed 74.8% of the overall losses in the third quarter of 2024. This means CeFi-related losses increased by 66.4% compared to Q3 2023 figures. 

On the other hand, the decline in DeFi losses reached 79.2%, accounting for 25.2% of the total. This move implies that hackers are progressively aiming at more centralized systems, which seem to have less decentralization and security review than most of DeFi projects.

Ethereum and BNB Chain: Top Targets for Hackers

Ethereum was the most prominent blockchain again, as 15 of the hacks were recorded as successfully damaging, accounting for 44.1% of all hacks. 

Second on the list was BNB Chain, with eight hacks, which equalled 23.5% of all reported hacks. Base, Blast, Solana, and Arbitrum blockchains did not receive as many attacks, but they were not shielded from hackers either.

Mitchell Amador Comments on the Growing Threat

Immunefi’s CEO, Mitchell Amador, highlighted the growing risks in centralized finance, stating: We’re seeing fewer incidents targeting CeFi, but these incidents often result in more severe losses due to poor private key management and a lack of rigorous audits. In contrast, DeFi platforms, while still targeted, have seen a reduction in losses due to enhanced security practices.” Amador highlighted the necessity of implementing level centralization to enhance the security network but about managing private keys in particular.

Fund Recovery Remains Limited

Though $14.9 million was returned in two incidents in Q3, a very low ratio of 3.6%, which declined greatly compared to Q2 2024, with an 8.9% ratio of the total stolen amount. 

The continuous effort to regain lost money also prevents the growth of securities and the cooperation of crypto platforms with law enforcement agencies.

Thus, the overall figure is lower than in Q3 2023; however, the trend of increasing attention to centralized platforms such as WazirX and BingX can make hackers change their approaches.

The post Avalanche Announces $40M Grants for Developers as Avalanche9000 Kicks Off appeared first on Coinpedia Fintech News

Avalanche is making a big move to support blockchain developers. The Avalanche Foundation on September 26, announced a $40 M grant program to encourage devs to build layer 1 blockchains. This initiative is a part of the new “Retro9000” program. The objective of this initiative is to encourage and support developers to build on Avalanche9000 testnet. This is the latest upgrade on the network that simplifies the process for developers. The creation of L1 blockchains is now cheaper and more efficient. This is the largest update in avalanche history that aligns with the more scalable blockchain system vision of the foundation.

What is Avalanche Retro9000?

Avalanche9000 isn’t just an upgrade, it’s a complete system for developers. The Retro9000 program will provide retroactive grants to developers. Those who build L1 chains and critical tools will receive rewards. Avalanche even introduced a leaderboard where community votes will decide who earns the grants.

Community engagement is key in this program. Developers are encouraged to build in public and gain support from the community. The chances of getting a reward depends on the community support to the project built by the devs.

Benefits of Building on Avalanche?

Developing on Avalanche brings many benefits. Developers can build custom blockchains, control staking economics, and integrate regulatory compliance. The Avalanche9000 unlocks full customization, including gas tokens and permissionless validator sets.

Retro9000: Up to $40m in retroactive grants for Avalanche L1s This new grant program aims to reward developers who contribute to the testnet and launch their project on mainnet, empowering developers to do what they do best–innovate and build. More on Retro9000 pic.twitter.com/qNXzosMV14

— Avalanche (@avax) September 26, 2024

Avalanche L1s have already been deployed by well known companies like Deloitte and DeFi Kingdoms. The network also includes Avalanche Interchain Messaging (ICM). This connects all L1s in the network, allowing them to share liquidity and grow together.

Upcoming Avalanche9000 Launch Event

The Avalanche9000 testnet will officially launch at Avalanche Summit LATAM in Buenos Aires. The event runs from October 16 to 18, 2024. Developers will have the chance to see the future of Avalanche up close. This event will also mark the start of the Retro9000 program, which promises to reward the first builders in this new phase.

If you’re a developer, now’s the time to get involved. This is your chance to build on a network designed for innovation and scalability.

The post Hamster Kombat Airdrop Fails? HMSTR Price Prediction After the 30% Drop appeared first on Coinpedia Fintech News

Hamster Kombat took to X to officially announce that HMSTR trading has officially begun. The Telegram’s tap-to-earn Web3 game is celebrating the listing of its HMSTR token on cryptocurrency exchanges, despite the token’s price rapidly declining. Notably, the team had faced backlash owing to its chaotic airdrop distribution recently. 

HMSTR trading begins!

The listing of Hamster Kombat’s HMSTR token caught a dramatic 20% drop in its price, prompting discussions among airdrop winners. Initially trading at $0.014, the token’s price has slipped to approximately $0.011. 

Trading commenced at 12:00 UTC on Thursday, with listings on prominent exchanges like Binance, OKX, Bitfinex, and Bitget. Along with trading, the platform enabled on-chain token claims, with options for immediate withdrawal. As of writing, HMSTR Is trading at $0.008189, down over 30% in the past 24 hours. 

This token release serves as a significant benchmark for Hamster Kombat which also poses a crucial test for the TON blockchain, as it had experienced outages during the DOGS airdrop in August. Developers had alerted about the increased load expected from transactions by Hamster Kombat owing to its extensive user base.

There were speculations by market analysts and influencers that it would trade between $0.005 and $0.01 before listing. Crypto influencer Ajay Kashyap also predicted that the token would shoot to $0.01, considering the hype surrounding its Binance listing. 

Hamster Kombat’s Roadmap To 2025

Just recently, Hamster Kombat revealed its ambitious roadmap for 2025. The plan details the development of a Web3 gaming platform that integrates external payment systems and introduces new games.

It also incorporates non-fungible tokens (NFTs) as in-game assets. The roadmap also includes the creation of a dedicated advertising network to support the games. The team noted that revenues from this network will fund token buybacks and rewards distribution.

Interestingly, only 43% of the game’s total user base received tokens in this airdrop. Furthermore, 11.25% of the tokens distributed during the first season are locked for 10 months, which was a recent point of discussion. This distribution strategy and the lock-up period aims to stabilize the token price and foster long-term value for holders.

The post Top Altcoins to Watch in Q4 Uptober: Gear Up for Major Breakouts! appeared first on Coinpedia Fintech News

Bitcoin and altcoins are gearing up for a big Q4! As Bitcoin flirts with key levels, altcoins are breaking free from long downtrends. Analyst Miles Deutscher has spotlighted several must-watch altcoins, each positioned for a potential breakout. Get ready for an exciting quarter in the crypto space with these top 25 coins from different sectors. 

11. $PEPEPEPE was one of the biggest runners we've have this cycle.If you're bullish on memes in general, I think PEPE provides strong R/R as the leading meme on ETH.Currently in the midst of a breakout (with diagonal and horizonal confluence).Looking to add more. pic.twitter.com/AfwFM3qdt7

— Miles Deutscher (@milesdeutscher) September 25, 2024

Sectorwise Breakdown Let’s take note!

AI-Focused Altcoins

NEAR: A layer-1 (L1) protocol with a strong AI narrative. NEAR has broken its diagonal resistance, signaling a potential breakout.

FET (ASI): Following its rebrand to the Artificial Superintelligence Alliance, FET remains a leader in the AI space. Deutscher sees a catch-up play brewing.

PRIME: Combining AI with gaming, PRIME stands out due to its potential in both sectors, showing early signs of breaking out.

DePIN (Decentralized Physical Infrastructure) ATH: One of Deutscher’s top picks in the DePIN sector, it’s following a predicted chart setup, with key levels to reclaim.

WMT: Another strong DePIN project with high conviction for Q4, WMT is beginning to show bullish signs in price action.

Layer-1 (L1) Protocols

SOL (Solana): Still holding strong above $120, but Deutscher is monitoring for a sustained push above $150 or a dip to $120-$130 for more buys.

SUI: With strong performance recently, Deutscher is watching for a potential cooldown before making further moves.

Top Meme Coins to watch

WIF: A strong bet on Solana’s beta, WIF is just beginning to break out, offering significant upside.

PEPE: One of the top-performing meme coins, PEPE is breaking out and offers strong risk/reward as the leading meme on Ethereum.

SUNDOG: The leading meme coin on TRON, it’s been in a consistent uptrend with higher lows, making it a strong trade setup.

POPCAT: Recently hitting its all-time high (ATH), POPCAT could accelerate into price discovery, though MOG might offer better risk/reward.

FOXY: A potential breakout candidate, FOXY is showing early signs of upward momentum, with its connection to the Linea airdrop making it a coin to watch.

RWA Sector

OM: The leading RWA coin, OM is nearing its ATH and could rally as the sector gains attention.

ONDO: A strong performer this cycle, ONDO faces headwinds from a January unlock but remains a coin to watch, especially for technical moves.

VC Coins

SAGA: Recently breaking out of its range, SAGA offers a potential upside in the low-float sector.

ALT: No unlocks for 122 days, making it an attractive candidate for continuation upwards.

ZRO: The leading proxy for interoperability, with no unlocks until July 2026, ZRO’s structure looks solid for future growth.

Gaming Sector

BEAM: Starting to break above weekly resistance, BEAM could be a fast mover as the gaming sector picks up.

SUPER: With strong gaming partnerships, SUPER is poised to lead the next gaming run alongside BEAM.

It’s time to wait for new opportunities that may arise in Q4. Stay prepared for volatility, and monitor these altcoins across their respective sectors for potential bullish moves

Also Read :

  Bitcoin News: With BTC Price Surpassing $64K, Is This the Right Time to Buy Bitcoin?

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The post Breakout Alert! PEPE Set to Skyrocket, Eyes on 45% Jump appeared first on Coinpedia Fintech News

The popular and third-biggest meme coin, Pepe (PEPE), is now gaining significant attention from investors and traders following its successful breakout of the $0.00000875 level. On September 26, 2024, PEPE experienced an impressive price surge, resulting in a successful breakout. 

Current Price Momentum

As of writing, PEPE is trading near $0.00000908 and has experienced a price surge of over 8.5% in the past 24 hours. During the same period, investor and trader interest also skyrocketed, resulting in a 22% jump in trading volume. 

PEPE Technical Analysis and Upcoming Levels

However, this significant price jump has shifted the overall sentiment for PEPE. According to CoinPedia’s technical analysis, the meme coin appears bullish. Additionally, it has breached a crucial resistance level of  $0.00000875, which was the last hurdle PEPE faced following the breakout of the descending trendline earlier on September 23, 2024.

Source: Trading View

With this breakout, PEPE has cleared its path for an upcoming rally. Based on the historical price momentum, there is a strong possibility that PEPE could soar by 45% to reach the $0.000013 level in the coming days.

Additionally, the meme coin trades above the 200 Exponential Moving Average (EMA) on a daily timeframe, indicating an uptrend. 

PEPE’s Bullish On-chain Metrics

This bullish thesis is further supported by the on-chain metrics. According to the on-chain analytics firm Coinglass, PEPE’s Long/Short ratio currently stands at 1.066, the highest since August 2024. This ratio indicates strong bullish sentiment among traders. 

Source: Coinglass

Additionally, its future open interest has jumped by 15% over the past 24 hours, indicating that traders are potentially betting more on long positions. Currently, 51.65% of top PEPE traders hold long positions, while 48.35% hold short positions. 

When combining all these on-chain metrics, it appears that bulls are currently dominating the assets, which may help PEPE in its upcoming really.

The post Why is Shiba Inu Up Today? : Key Factors Behind the Recent Price Spike appeared first on Coinpedia Fintech News

After being trapped in a horizontal consolidation between $0.000015 and $0.000012 since early August, Shiba Inu (SHIB), the second-largest meme coin by market cap, broke out of the liquidity zone. The large-cap meme coin, with a deep liquidity of over $7 million, registered a 13 percent spike in the past 24 hours to trade about $0.00001716 on Thursday during the early New York session.

With the daily Relative Strength Index (RSI) above the 70 percent level, it is safe to assume that the Shiba Inu bulls are back in control after six months of choppy markets.

Major Factors that Contributed to the Shiba Inu Spike Today

Shibarium TVL Growth

Shibarium TVL Reaches New Highs: One Week After #Bonecrusher LaunchIn just one week since the launch of the #Bonecrusher, Shibarium has seen its Total Value Locked (TVL) reach an impressive $3.64 million. This milestone reflects the community’s active participation and interest… pic.twitter.com/s0TJ9gGeHc

— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) September 26, 2024

In just one week since the launch of the Bonecrusher, Shibarium, the Shiba Inu’s layer two scaling solution based on the Ethereum network, saw its Total Value Locked (TVL) rise to about $3.64 million earlier today.  

“As Shibarium continues to develop, this week’s performance lays promising groundwork for future progress. The community’s involvement will be crucial as the platform evolves in the decentralized finance space,”

Lucie, Shiba Inu’s lead marketer, noted.

Some of the best-performing DeFi projects on the Shibarium network include WoofSwap, MarSwap, and ChewySwap, among others.

Launch of SHI Stablecoins

The SHI Stablecoin: A Key Development for Stability and Utility in the Shibarium Ecosystem The SHI stablecoin is a crucial development within the Shib ecosystem, currently in the works and not yet released. Its introduction is expected to significantly enhance the Shibarium… pic.twitter.com/UyrJgnYR45

— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) September 26, 2024

 In a bid to improve liquidity among other utilities in the Shiba Inu ecosystem, the core developers, led by Ryoshi, intend to launch stablecoin soon. The launch of the SHI stablecoins will place the Shiba Inu meme coin ahead of its competitors and upgrade its credibility among investors.

“As development progresses, SHI is set to enhance the Shib ecosystem’s capabilities, providing a reliable framework for decentralized finance and contributing to a more resilient financial landscape,”

the team noted.

Launch of Shibdentity

Shibdentity: A New Era of Digital Identity in the SHIB EcosystemIn collaboration with @D3inc, Shibdentity has been introduced as an innovative solution for digital identity management within the SHIB ecosystem. Although it is not integrated yet, Shibdentity aims to empower… pic.twitter.com/Oz7FI0irAM

— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) September 25, 2024

The Shiba Inu developers announced the launch of the Shibdentity in collaboration with D3 to enhance the mainstream adoption of its DeFi protocols. Although it is not integrated yet, Shibdentity aims to empower users by providing greater control over their online identities and assets, making it easier to manage their presence across decentralized networks.

Network Growth and Favoring Market Outlook

As the largest meme coin on the Ethereum network, Shiba Inu has attracted over 1.4 million holders. With its deep DeFi liquidity, Shiba Inu has attracted more institutional investors seeking to diversify their crypto portfolio. 

Amid the rising hype for the October effect in the crypto industry, Shiba Inu price followed its leader Dogecoin and Bitcoin in a bullish breakout.

Also Read :

  Dogecoin Price Prediction Surges After Whales Buy $1.4B! What Next?

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The post Hamster Kombat Players Might Just Earn $10 Post Listing! Faces Huge Backlash From Community appeared first on Coinpedia Fintech News

Many crypto projects have found it hard to survive beyond the airdrop, as members immediately cash out. Hamster Kombat might soon be facing a similar fate. 

As per various predictions, most of the Hamster Kombat players will likely earn a maximum of just $10 each when the HMSTR token starts trading on exchanges like Binance and OKX on Thursday, September 26 at 12:00 PM UTC.

This comes after the game’s airdrop was faced with controversy earlier this week due to allegations of unfair distribution. Hamster Kombat had disqualified 2.3 million users in September, with a card sent out to users saying “Cheating is bad”. This was a move made to protect the rewards of legit gamers ahead of its airdrop and token launch on the TON network. 

Intriguingly, Only 43% of users, or 131 million people, who played the game since its March 26 launch as a mini-app on Telegram received the HMSTR airdrop. Around 2.3 million users were banned for cheating, and the majority of them did not meet the criteria. Hamster Kombat claims to have 300 million players, making it the biggest “clicker game.”

Importantly, what is being discussed is a last-minute announcement that 11.25% of the 60 billion HMSTR tokens allocated to community members for Season 1 will be locked for 10 months – which means that users will not be able to sell those tokens before the end of the lock-up period.

Notably, some other points of conflict include the small size of the token allocation to regular players, the banning of some legitimate gamers, and influencers individually swipinga bigger airdrop than community members. 

After the airdrop allocation results were published on September 21, users who complained of being treated unfairly attacked the game with hashtags like #BoycottHamster and #HamsterIsScammer.

As per some estimates, the HMSTR token will likely see high volatility when the token hits the market.

High Volatility For HMSTR Post Listing?

Early predictions put HMSTR’s price at between $0.001 and $0.005 per token based on previous Binance Launchpool listings and the euphoria that comes with the platform’s play-to-earn (P2E) features.

Crypto analyst Gautamgg compared Hamster Kombat to Notcoin, the first tap-to-earn project to launch on the TON blockchain. NOT, the native token of Notcoin, listed at a price of $0.0075 and reached a market cap of $700 million. 

Criticisms Surround Hamster Kombat

Notably, Gautamgg expects that the HMSTR token will list at a price of between $0.008 to $0.009 per token, in the range of NOT. Based on the circulating supply of about 60 billion tokens, he projected that HMSTR token’s first-day total market cap would be between $504 million and $567 million.

His predictions suggest that if you have 1,000 HMSTR tokens, they will probably be valued at $8 at listing, based on the price of $0.008 per token. Notably, he expects that the price will plummet soon after listing.

In an X post, the analyst criticized the Hamster Kombat team for “lacking experience”. He said that “they’re making crazy money from YouTube (views & ads) by doing this. It’s pretty clear their focus is on profiting from content”.

He noted that “the Project doesn’t have any actual use case or utility. There’s no impressive roadmap for the future.”

He also termed them as “unprofessional”, and shared that the team acted like social media influencers, pushing people to sign up on exchanges using referral codes. They made everyone sign up before the airdrop allocation to fulfill some hidden deals for money.”

He also highlighted that the lack of transparency over its founders and core team members is a big RED FLAG for any project. He remarked on another point that despite reaching 300M+ users, it failed to Win the TON Open League Contest, which indicates that something is seriously wrong with the project.  

The team has not addressed the viral complaints, except for taking the high road in response to players claiming they were wrongfully banned.

After the controversy surrounding the airdrop, many users are calling for the game to be boycotted and its influencers to be unfollowed.

There are numerous videos of YouTubers guaranteeing “lakhs” in airdrops from HMSTR but now blaming the Hamster Kombat team while pretending to support the community,” Praveen said. He also referred to these instances of willed deception.

The post Memebet Token Presale Gains Momentum, Announces $10K Giveaway – Best GambleFi Investment? appeared first on Coinpedia Fintech News

The Memebet Casino ($MEMEBET) presale is in full swing, and it’s just announced substantial airdrop rewards to celebrate its growth.

The ICO’s total raise has now surpassed $290K, with investors drawn to its use case, which encapsulates the scorching hot meme coin and GambleFi narratives.

These early investors can be among ten winners who will each receive $1,000 from Memebet’s first airdrop. The airdrop will reward people for participating in the Memebet token presale and being a part of the community.

As a token central to the platform, $MEMEBET holds substantial investment value since it’s needed to unlock the casino’s full power – and, therefore, the full power of meme coins within Web3.

Bitcoin accounts for 25% of online gambling payments – what about meme coins?

Meme coins, which most serious crypto advocates once overlooked, are now a legitimate and necessary component of the blockchain ecosystem. Millions of investors hold them, and the sector’s market cap now sits above $40 billion.

Because of their swelling demand, developers are searching for new ways to add utility and grow these joke tokens. Memebet offers an innovative avenue that implements them into the $402 million GambleFi industry.

Online casino users are no strangers to crypto payments, which account for around 25% of the market. It’s also reported that 48.6% of owners use their crypto specifically for gambling. That’s due to its apparent benefits, such as borderlessness, anonymity, robust security, etc.

However, Bitcoin and USDT continue to dominate the space. Until now, no GambleFi project has supported meme coins as a payment method. But that changes with Memebet Casino.

The casino will support payments using Dogecoin, Shiba Inu, Pepe, Bonk, Floki, and more.

With the meme coin market reaching a fever pitch, millions of holders are looking for new utility avenues. As such, Memebet Casino could rival current GambleFi market leader Rollbit, placing it at the forefront of the meme coin sector that might one day be worth $100 billion.

And Memebet has emerged at the perfect time. A tailwind of globally loosening monetary policies has instilled a new sense of optimism into the crypto markets. After the United States cut interest rates last week, China has followed suit. Lower rates lead to increased liquidity, which has historically sparked positive price action for cryptocurrencies.

Here’s how to enter Memebet’s $10K airdrop

Although Memebet adds utility to meme coins, the $MEMEBET token unleashes the ecosystem’s full potential.

Wagering with $MEMEBET grants users access to airdrops, VIP degen bonuses, and industry-first “Lootboxes,” which contain real-life prizes.

Not only is the $MEMEBET presale raising funds for the project’s development, but it’s also providing investors with early access to the token that fuels the Memebet Casino.

A core part of this is community giveaways, including the forthcoming airdrop.

To gain eligibility, would-be participants must join the Memebet token presale, submit the wallet address, engage with Memebet on social media platforms like X and Telegram, and provide their casino wallet address once the casino launches.

Secure $MEMEBET tokens at $0.0254 – just 3 days left

Contributing to the Memebet token presale is easy. Simply visit the project’s website, connect your wallet, and swap either ETH, BNB, or POLY for $MEMEBET. The presale also accepts bank card payments.

Only investors who purchase $MEMEBET via the Ethereum network will instantly receive their tokens. Add the contract address 0x0C4a2a28a4edb47a7a4c53B06143C53e889Bd5dB to your wallet to view the tokens.

Investors who purchase via BNB or POLY will receive their tokens once the presale ends.

The current Memebet token presale price is $0.0254, but this will rise throughout the campaign with the next increase in three days.

Memebet received a third-party audit from Coinsult, which found the project to be safe and secure.

Additionally, Member Casino has become the official regional sponsor of the Argentina soccer team, reflecting its commitment to backing winners.

Visit Memebet Token Presale