Ripple Experiences Significant Drop, Indicating Bearish Market Sentiment
According to CryptoPotato, Ripple recently experienced a significant drop, breaking below its multi-month ascending trendline and retracing toward the breached level, indicating a bearish sentiment in the market. This could potentially lead to a continuation of the downward retracement.
Upon examining the daily chart, it was observed that Ripple underwent a substantial decline below the multi-month ascending trendline, moving toward the $0.45 threshold. However, buyers initiated a bullish rebound towards the previously breached ascending trendline at $0.56 and the 100 and 200-day MAs around $0.59, thereby completing a pullback. Despite this temporary rebound, the price action suggests a bearish sentiment in the market, with Ripple potentially poised for a sustained retracement toward the critical support region of $0.45. As a result, Ripple is likely to remain within the price range delineated by the $0.45 support level and the resistance zone of $0.59 long-term until a breakout occurs.
A closer look at the 4-hour chart reveals that Ripple stabilized around the $0.49 mark following a notable decline, subsequently experiencing a bullish retracement towards a significant resistance region outlined by the price range between the 0.5 ($0.5310) and 0.618 ($0.5574) Fibonacci levels. However, the price encountered increased selling pressure near this critical juncture, continuing the initial bearish trend. Currently, Ripple sellers aim to breach the crucial $0.49 threshold, potentially triggering a significant long-squeeze event. However, a more plausible scenario is that the price remains within the range defined by the support of $0.49 and the resistance of the 0.5 ($0.5310) and 0.618 ($0.5574) Fibonacci levels, indicating the likelihood of the market continuing its current state of consolidation.

#xrp #DemCryptoPLUG

Automation and Efficiency

DAOs utilize blockchain technology to automate rules and processes. Once the rules are programmed, the decision-making and management processes in a DAO can occur automatically, without human intervention. This helps minimize the time and effort required in the decision-making and management processes, while also enhancing the overall efficiency of the DAO. Transactions and operations within a DAO can also be executed quickly and accurately, without the need to wait or rely on third-party involvement.

Overall, the benefits of transparency, decentralization, and automation make DAOs an attractive and highly promising organizational model in the cryptocurrency market. These features not only create trust and community engagement, but also help increase the efficiency and speed of operations for organizations in this field.

While DAOs offer many advantages, they also have several drawbacks:

Security Issues and Risks:

Although blockchain technology provides a high level of security, DAOs can still be vulnerable to attacks and breaches. Additionally, DAOs face risks from malware, security vulnerabilities, and fraudulent behavior.
This requires a particular focus on security and safety measures to protect the assets and operations of a DAO.
Challenges in Management and Decision-Making:

DAOs require participation and contributions from the community of members. However, managing and making decisions within a large community can become complex.
The diversity of opinions and perspectives within the community can slow down the decision-making process or lead to conflicts.
This demands a clear and effective decision-making process, as well as active and responsible participation from the members.
Dependence on Community Engagement and Interaction:

DAOs exist and operate based on the participation and interaction of the community members. #bitcoinhalving #dao #DemCryptoPLUG

Bitcoin Surges to $66,000 Alongside Positive Signals in Q2

Historical data indicates Bitcoin may see a promising price surge in Q2, with buying sentiment still prevailing in the market.

After the Bitcoin halving, the altcoin market saw a significant price increase, while Bitcoin (BTC) did not fluctuate much. However, based on historical data, it is likely that Bitcoin will turn bullish.

Therefore, it is necessary to analyze the situation of BTC to understand what might happen a few days after the halving.

Bitcoin has shown stability following the anticipated halving. In the few days after the halving, while many were waiting, altcoins began to increase in price, reaching double-digit growth. Meanwhile, Bitcoin does not fluctuate much because it does not increase in price sharply.

According to information from CoinMarketCap, Bitcoin has increased 2% over the past 24 hours, reaching a trading level of 65,488 USD and a market capitalization of more than 1.28 trillion USD at the time of writing.

However, there is something more interesting, because Bitcoin has had similar manifestations in the past. Rekt Capital, a famous cryptocurrency analyst, shared about the past events via a tweet.

According to the tweet, Bitcoin’s price remained stable during the halving months of 2020 and 2016. This suggests that investors may see less volatility this April.

However, a change in trend can be seen in May and June, as in the past, Bitcoin prices have tended to increase sharply following halving months. So, it seems that the chances of Bitcoin ending Q2 on a positive note are quite high.

#bitcoinhalving #Megadrop #DemCryptoPLUG #write2earn🌐💹

WHAT IS AI TOKEN?

Exploring the AI Tokens Project - The Future of Blockchain and AI Technology
The AI Tokens project marks a new advancement in technology, combining the power of blockchain and AI to create a new platform for intelligent transactions and services.

AI Tokens are designed to enable developers to create unique AI applications, using tokens as a means to access and pay for AI services within the network.

This project not only enhances AI's capabilities in processing and analyzing data but also ensures transparency and security through blockchain technology. AI Tokens promise to revolutionize the way humans and machines collaborate and interact.

#bitcoinhalving #BTC #DemCryptoPLUG #write2earn🌐💹

Listing multiple NFT collections with One-Click

With an AA Smart Account, you can list multiple NFT collections with just a single click. When there are more platforms supporting AA smart accounts in the future, you can list multiple NFT collections across multiple platforms with a single click.

#BitcoinETFs #DemCryptoPLUG #BTC🌪️

🤬🤬🤬

Just days after BTC Halving, the US Government seeks 3 year prison sentence for ex- #Binance  CEO Changpeng Zhao (CZ).

$BNB #DemCryptoPLUG

Y’all don’t want to miss out on Vertus… start you mining today and claim your early adopters seat.

https://rb.gy/qbjyis

#bitcoinhalving #Megadrop #DemCryptoPLUG #Token2049

🟩 Bitcoin halving is in 2 days

🟩 Diving into what’s happening

The halving impacts the reward miners receive for creating blocks on the Bitcoin blockchain, which consists of 839,495 blocks of data containing information about Bitcoin movements between addresses. These blocks, created every 8-12 minutes, are produced by miners running algorithms to guess a number from a large pool.

The first miner to correctly solve the quiz, creates the next block and receives a miner reward.

The miner for block 839,999 receives 6.25 bitcoin, but for block 840,000, the reward halves to 3.125 BTC.

Bitcoin Halving occur every 210,000 blocks, with this being the fourth one; the previous ones happened in 2012, 2016, & 2020. This reduction in total circulating supply, enforced by nodes running Bitcoin Core worldwide, ensures a fixed supply over time. If the miner producing block 840,000 adds a reward higher than 3.125 bitcoin, the block will be rejected.

Happy Halving 🚀💸

#write2earn🌐 #bitcoinhalving #BTC🔥🔥🔥🔥🔥🔥 #DemCryptoPLUG

Blockchain Data-availability Protocol Avail Announces 600M Token Airdrop

Avail, a Web3 infrastructure layer built using Polygon’s software development kit, will be airdropping 600 million of its native token AVAIL to users.

Founded in 2020, Avail consists of three segments: Nexus, Fusion, and DA. Avail DA improves base-layer transactions further by scaling rollups via methods such as KZG commitments and data availability sampling.
Data availability enables nodes to verify bundled transactions without having to download all data for a block. Meanwhile, KZG commitments, common in zero-knowledge protocols, allow for the verification of underlying data without revealing private information.

According to its developers, the Avail token is used to “obtain Avail DA services, secure the unification layer via staking, and take part in governance.” Tokens are airdropped based on a user’s total time, depth, and impact of their commitments to the ecosystem. A total of 354,605 wallet addresses will receive the airdropped AVAIL token upon mainnet launch.
Out of the 600 million token airdrop supply, 90 million are allocated to blockchain ecosystem developers, 49.5 million to testnet users, 380 million to rollup users on various blockchains such as Arbitrum One, 70 million to Polygon stakers, and 10.5 million to community contributors.

The airdrop is not exclusive to users of the Avail or Polygon ecosystems. “Unification of Web3 requires unification to happen at the most fundamental level,” Avail wrote. “This [airdrop] includes Bitcoin, Ethereum, Solana, Cosmos, Avalanche, Near, and others who have each made unique contributions to the blockchain ecosystem."
Many in the Polygon community spoke highly of the airdrop. "Oooh, looks like a massive airdrop is upon @0xPolygon community," commented Polygon co-founder Sandeep Nailwal, in relation to the news.

Avail was spun-off from Polygon Labs on March 16, 2023.

#WIF #bitcoinhalving #DemCryptoPLUG

Samsung surge 930%

Samsung Electronics said on Tuesday that its operating profit surged more than 930% in the first quarter of 2024, driven by soaring demand for its servers, memory chips and storage used in AI applications.

The company, which struggled in 2023 as the macroeconomic slowdown hurt demand for its products, said its memory chip business returned to profitability, and prices continued to rise thanks to solid demand for DRAM and NAND chips, high-density SSDs and servers.

#samsung #DemCryptoPLUG #write2earn🌐💹

Apr 24 Update:

#Grayscale decreased 538 $BTC (-$35.08M) and currently holds 303,683 $BTC ($19.8B).

#Blackrock added 569 $BTC (+$37.14M) and currently holds 274,462 $BTC ($17.9B).

9 ETFs(Including #Grayscale) added 949 $BTC (+$61.88M).

Data from lookonchain

#BTC #DemCryptoPLUG #write2earn🌐💹

Here are some of the owners of big cryptocurrencies:
1. *Satoshi Nakamoto* (Bitcoin): The pseudonymous creator of Bitcoin, with an estimated holdings of 1 million BTC (approximately $23 billion).
2. *Vitalik Buterin* (Ethereum): Co-founder of Ethereum, with an estimated holdings of 350,000 ETH (approximately $600 million).
3. *Chris Larsen* (Ripple): Co-founder and former CEO of Ripple, with an estimated holdings of 5.2 billion XRP (approximately $2.5 billion).
4. *Brian Armstrong* (Coinbase): Co-founder and CEO of Coinbase, with an estimated holdings of 1% of all Bitcoin (approximately $2.3 billion).
5. *Changpeng Zhao* (Binance): Founder and CEO of Binance, with an estimated holdings of 40% of all Binance Coin (BNB) (approximately $2.2 billion).
6. *Joseph Lubin* (Ethereum): Co-founder of Ethereum and founder of ConsenSys, with an estimated holdings of 1% of all ETH (approximately $200 million).
Note: The estimated holdings are subject to change and may not be up-to-date, as the cryptocurrency market is highly volatile. Additionally, some owners may choose to remain anonymous or not publicly disclose their holdings.#bitcoinhalving #BullorBear #Token2049 $BTC $ETH $BNB #write2earn🌐💹 #DemCryptoPLUG

Is the BTC dip over? #BTC‬

Bitcoin (BTC) is leading a very tense market sell-off… one that has triggered more than 7% dump in combined Market Cap, which is now seating at $2.14 trillion.

Bitcoin sufficiently closed April as one of its worst month since October 2023.

However, top market
analyst Michael van de Poppe is optimistic
that Bitcoin is at the end of its correction and completely strained to limit.

#BTC🌪️ $BTC #DemCryptoPLUG #Bullish2025 #write2earn🌐💹

JUST IN:

Floki DAO Votes To Burn Over 15 Billion Tokens.

According to PANews, Floki DAO has announced that a proposal to burn 15,246,000,000 Floki tokens has been approved with a 99.84% support rate.

The tokens are set to be destroyed within a week. Recently, an affected wallet sent 15,400,000,000 Floki tokens to a multi-signature Floki wallet. The proposal suggested returning 1% of the tokens, which is 154,000,000 tokens, to the wallet, with the remainder being destroyed.

#FLOKI✅ #DemCryptoPLUG

What is Fiat Money?
Fiat currency is a modern form of currency issued and guaranteed by a national government. Unlike commodity money based on precious metals, this currency derives its value solely from the trust and recognition of society in the issuing authority.

Unlike traditional commodity money, fiat money is not tied to its intrinsic value but rather derives its value from the trust and commitment of the issuing authority to maintain stable macroeconomic conditions. The government controls the money supply, ensuring liquidity and stability through monetary and fiscal policy tools.

#DemCryptoPLUG #Fiat #write2earn🌐💹

the FBI calls crypto money so they can arrest you for money laundering

the IRS calls it property so they can tax you on capital gains

the SEC calls it a security so they can sue every exchange

the CFTC calls it a commodity so you can’t use it as a currency

#Megadrop #BTC🌪️ #DemCryptoPLUG #write2earn🌐

ALERT 🚨

6 hours ago, FTX: FTT Treasury transferred all assets to a new wallet, Which included.

195.87M $FTT ($246.8M)
1,938 $ETH($5.94M)
6.36M $JOE($3.25M)

Address:
0x2a4F8d77bAde18256b1BDB3cF8782645037f60d3

#bitcoinhalving #FTT🔥🔥 #DemCryptoPLUG

Notable DAO Projects
Token-based DAO:
* Ethereum:

Ethereum
* Ethereum operates on a Proof of Work mechanism, where miners receive transaction fees and block rewards in exchange for mining new blocks, verifying transactions, and securing the network.
* With the upgrade to Ethereum 2.0 using Proof of Stake, this role will shift to stakers – those who agree to contribute their tokens to validate transactions and secure the network, and are rewarded with fees and rewards.
* Ethereum’s miners and stakers have voting rights on Ethereum Improvement Proposals (EIPs), indicating that Ethereum’s future is highly dependent on the decisions of the members in this DAO.
* Compound:
* Compound is a successful example of an on-chain governance DAO, allowing COMP token holders to participate in voting on proposals within the protocol.
* The introduction of the COMP token has helped Compound maintain a clear growth plan, thereby retaining its position as one of the leading lending platforms in the DeFi ecosystem.
* SushiSwap:
* SushiSwap clearly illustrates the critical role of the community members in deciding the project’s development direction.
* When the community did not approve a proposal to sell SUSHI tokens at a discounted price to venture capital funds, SushiSwap continued to develop without the need for funding from these funds.
Shared-based DAO:
* The LAO:
* The LAO is a prominent decentralized investment fund, operating on a Shared-based DAO model.
* Members participate by contributing capital and receive proportional shares, giving them voting rights on the fund’s investment decisions.
* Currently, The LAO has completed 35 investments in projects primarily on the Ethereum network, such as Gitcoin, Zapper, and Lido Finance, and is considered one of the most active decentralized investment funds.
#bitcoinhalving #DAO #DemCryptoPLUG

Why are Why Are Daos Emerging

DAOs are developing in parallel with the progress of Blockchain and its decentralized nature. However, increased attention is being paid to DAOs due to a series of factors:

The growing importance of decentralization:

Governments and traditional financial institutions are exerting increasing control over users.

Large companies are holding more power and abusing it to manipulate the market. DAOs help users regain the rights and benefits that belong to them, creating a decentralized system.

The growing cryptocurrency market:
Areas such as DeFi, NFTs, and the entertainment industry in the cryptocurrency sector are experiencing rapid growth.

To better access and capitalize on this market, DAOs like MetaCartel DAO, The LAO, and Yield Guild Game have been established.

Members of these DAOs have come together to create investment funds for crypto projects.

What are the advantages of a DAO?
DAOs offer several important benefits to the cryptocurrency market, including three main advantages: transparency and integrity, decentralization and distribution of power, and automation and efficiency.

Transparency and Integrity.
DAOs create a publicly transparent and accountable operating environment. Decisions and management within a DAO are carried out on the blockchain, a public and immutable system. This ensures that all members can track and verify activities, from decision-making to asset distribution. This transparency fosters integrity and trust within the DAO, enhancing community confidence and participation.

Decentralization and Distribution of Power
DAOs eliminate dependence on a single individual or small group. Instead, decision-making and governance in a DAO are executed through pre-programmed rules and protocols. All members have the right to participate in decisions through voting, regardless of social status or power. This creates a decentralized and distributed structure, while also encouraging diversity of opinions and shared decision-making within the DAO.

To be continued

#bitcoinhalving #DemCryptoPLUG #DAO

Bitcoin(BTC) Surpasses 65,000 USDT with a Narrowed 0.29% Decrease in 24 Hours
On Jun 19, 2024, 22:22 PM(UTC).

According to Binance Market Data, Bitcoin has crossed the 65,000 USDT benchmark and is now trading at 65,008.601563 USDT, with a narrowed narrowed 0.29% decrease in 24 hours.

#BTC☀ #DemCryptoPLUG