Cryptocurrency Daily Thefoxposts.com

The Shiba Inu [SHIB] community has been actively engaging in the reduction of tokens from the available supply. To date, an extensive amount of tokens, reaching trillions, have been eliminated. The primary driving force behind this burning process has been the SHIB Army. Notably, earlier this week, a significant quantity of over 3 billion SHIB tokens was transferred to inactive wallets. However, in a recent development, there has been a surprising absence of SHIB token burns within the past 24 hours, as reported by Shibburn data. Source As seen in the above image, zero SHIB tokens have been burned in the last couple of hours. As a result, the burn rate has been down by 100%. It appears that a significant number of participants are not engaging in burning their own SHIB tokens. Instead, the lack of burns could be attributed to additional funds acquired by small businesses. There’s a possibility of a portion of gas fees on the Shibarium beta platform. This has been operational since M...

Wanchain partners with FunctionX and deployed new decentralized, non-custodial bridges connecting f(x)Core to the Wanchain Layer 1 blockchain and the XRP Ledger. The first set of supported assets includes FX, PUNDIX, WAN, and XRP. Wan chain , the global leader for decentralized block chain interoperability solutions, and Function X, a multi-layered block chain project that targets bringing traditional financial products to the Web3, are pleased to announce the addition of the f(x)Core network to Wan chain ’s cross- chain infrastructure. The Function x Platform Function X mirrors traditional financial products and creates decentralized financial products with real-world use cases, including retail payments, DEXes, and liquidity protocols with lower fees on a scalable block chain infrastructure. Developers can easily create customized blockchains using Function X’s subnet solution to have different settings to suit their business needs and the setup could be different with the main c...

Persistence integrates with Subquery for fast & reliable Data Indexing in decentralized finance. Persistence is an appchain for liquid staking powering an ecosystem of DeFi applications focused on unlocking the liquidity of staked assets.  Additionally, Persistence is a one-stop-shop to liquid-stake your Proof-of-Stake assets and put them to good use. SubQuery’s flexible, fast, open, and decentralized data indexing solution provides blockchain developers with the tools needed to easily organize and query on-chain data for their protocol and applications. Abstracting the backend, SubQuery provides a custom API and lets developers focus on product development and user experience rather than building their indexing solutions. “As more and more protocols are being deployed onto the Persistence chain, a fast and reliable data indexing service is an absolute must. SubQuery fills that need perfectly. It improves the Developer Experience drastically, which allows them to continue building...

Introducing “ MEMEVENGERS ($MMVG),” the meme coin that soared by an astonishing 28,000% within a mere six-hour span after it joined the crypto meme market. advertisement MEMEVENGERS has formed to pay homage to the invincible superheroes of Marvel’s illustrious ‘Avengers’ franchise. Therefore, this meme coin showcases a combination of the seven most popular meme coins, such as: Milady Meme Coin – personifying a free-spirited character Baby Doge Coin – a power-packed meme of pure might. Dogecoin – taking the form of the charismatic meme. Shiba Inu – harnessing the power of defenses. SNOOPY – as the iconic meme character. FLOKI – the meme hero who’s sharp and witty. Pepe – embodying the incredible quirkiness. The goal here is to seamlessly amalgamate their prowess of each of the aforementioned popular meme coins to captivate the present meme market. The hype and success of MEMEVE...

The cryptocurrency market undergoes noticeable cycles characterized by variations in price, adoption, and overall market sentiment. These cycles are commonly known as bull runs when prices and market sentiment is up, and bear markets when there is a cooling-off phase. Keen investors who can search for and find high return coins before a bull run often achieve significant gains and ROIs from the rising bull market tides. For example, buyers who had the foresight to buy and hold Ethereum in 2016 when 1 ETH was worth a mere $1 have reaped massive benefits when the same coin price hit $4,815 during the last bull market peak in November 2021. With the growing interest and increasing momentum in the cryptocurrency market, buyers are diligently exploring the terrain in pursuit of PR ofitable and high A PR PR ospects. Their objective is to discover undiscovered new crypto coins that possess considerable potential PR ior to the forthcoming bull run and ensuing market upswing and hi...

During an interview, Michael Saylor discussed how crypto networks like Bitcoin can promote security and combat digital trust issues. Bitcoin may be the answer to combat cyber security threats driven by artificial intelligence, such as deepfake, said Michael Saylor, executive chairman of MicroStrategy, during a recent interview with Kitco News. Saylor illustrated his views using social media accounts created by robots as an example. According to him, billions of fake accounts are behind a digital "civil war" in today's society, stirring up hatred among real users of digital platforms. "The risk in cyberspace is I can spin up a billion fake people, and I can create a civil war by having the fake Republicans hate on the fake Democrats, or the real Democrats. Having the fake Democrats hate on the real Republicans," said the tech executive when discussing how artificial intelligence and other next-generation technologies will make deepfake cheaper and harder to d...

Who Is Ben.eth and the Controversy Behind Scam Meme Coins NFT collector Ben.eth started his crypto journey in 2017 and entered NFT in 2021. Since then, he’s been an active member of the NFT community but was not a major influencer. He gained popularity in May after promoting PEPE Meme Coin and launching $BEN Meme Coin to try his luck in the Meme Coin season. advertisement Initially, he completely failed with $BEN but the token gained pace after popular crypto content creator BitBoy decided to buy it. After the initial success, Ben.eth announced to launch $PSYOP meme coin through presale. On May 17, BitBoy sold all $BEN tokens. However, Ben.eth was able to raise over $9 million worth ETH from $PSYOP presale and other tokens sale. Ben.eth wallet address value increased from $2600 on May 3 to $9.28 million on May 23. However, the funds have been moved out of the wallet address. The current balance now stands at 3450 ETH worth $6.3 million, as per Etherscan....

Join Our Telegram channel to stay up to date on breaking news coverage AiDoge’s presale skyrockets above the amazing $14.6 million milestone, topping the crest of a surging wave in the meme coin market. AiDoge ($AI) is a supernova in the crypto world that is about to explode. AiDoge is the latest blockchain project to capitalize on the rapid growth of artificial intelligence (AI). This new project has built a decentralized tool that enables users to instantly create unique memes from simple text prompts. Aidoge’s last stage of presale skyrockets over $14.5 million The viral presale for AiDoge, the sensational new artificial intelligence (AI)-powered meme-creating and sharing platform, is nearing completion as FOMO for the next major meme coin to explode rages. In less than a month, the web3 AI/meme project has raised a staggering $14.6 million through the sale of the $AI token that will power the AiDoge platform, with fans raving about a creative new concept call...

The Bitcoin price prediction sees a 0.53% decline over the past few hours as the cryptocurrency fails at $26,462 and could head lower. Bitcoin Prediction Statistics Data: Bitcoin price now – $26,265 Bitcoin market cap – $509.7 billion Bitcoin circulating supply – 19.3 million Bitcoin total supply – 19.3 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $32,000, $34,000, $36,000 Support Levels: $21,000, $19,000, $17,000 BTC/USD loses its momentum after touching key resistance above $26,462. As of writing, the king coin is down 0.53% on the day at $23,265 below the 9-day and 21-day moving averages. Meanwhile, Bitcoin may struggle to close above $26,500, and if it does, it should be free to rise well above $27,000 if it moves toward the upper boundary of the channel. Bitcoin Price Prediction: Can Bitcoin Price Trade Above $27,000? According to the daily chart, the Bitcoin pri...

Join Our Telegram channel to stay up to date on breaking news coverage The crypto market structure is still in a dilapidated state, facing shrinking volumes. Ethereum price has been pivoting around $1,800 for a few days with the tug of war between the remaining bulls and bears getting fierce. Two key levels are likely to determine where the largest smart contracts token with $214 billion in market capitalization is heading, starting with an ascending trendline and the 50-day Exponential Moving Average (EMA). Despite the stability exhibited by Ethereum following the rejection from $2,000 earlier in the year, its downside appears vulnerable. That said support provided by the trendline around $1,750 is bound to play a vital role in what happens next. Ethereum Whales Back in Accumulation Mode At the time of writing, Ethereum price is trading at $1,775 amid the risk of a weakening downside. It has been a challenging time for most cryptocurrencies with on-chain data from Glassnode...