Problems arise when couples clash over how much to budget.
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Crypto expert Michaël van de Poppe has repeatedly stated that altcoins are still greatly undervalued heading into this bull run. Now, he has published a list of altcoins that he believes can provide investors with maximum returns.
Chainlink Is Top Of The List
In an X (formerly Twitter) post, Van de Poppe listed Chainlink (LINK) as the number one altcoin he believes has so much potential. He explained that Chainlink’s valuation is currently at a cycle low and has dropped by 40% since its recent peak. As such, this decline presents a “massive opportunity” since LINK is still likely to make more moves to the upside.
The second altcoin that Van de Poppe listed is Celestia (TIA). He noted that TIA is a relatively new project and would likely be a “massive gainer” in this market cycle. Considering that TIA is currently down 61% from its recent peak, the crypto expert claims this is a “giant opportunity” for those interested in investing in the token.
The third token on Van de Poppe’s list is Arbiturm (ARB). The crypto expert alluded to the massive ARB token unlock in March, which caused a lot of selling pressure. He also suggested that this is probably one of the reasons its valuation has dropped by 60% in the past month. However, he is bullish on Arbitrum as he considers the network a “strong Layer 2 Rollup system” and believes the ARB token could be one of the strongest gainers in this cycle.
Polkadot (DOT) is the next altcoin Van de Poppe mentioned. The analyst claims DOT’s valuation is still at a cycle low, which has opened up a “large opportunity” to invest in it. ATOM (Cosmos) is another altcoin that the crypto expert believes is still greatly undervalued and could provide significant returns for investors.
Other Altcoins On The List
Van de Poppe mentioned DYDX (DYDX) as another altcoin with great potential. He revealed that the crypto token is reaching a cycle-low level in the Bitcoin pair. He expects the token to make a significant move to the upside once it is done consolidating. The crypto expert also listed WooNetwork (WOO) as another DeFi token that is greatly undervalued.
Meanwhile, SEI (SEI), like TIA, is another relatively new project he believes will likely outperform other major crypto tokens in this upcoming cycle. He also acknowledged that newer coins also have the potential to enjoy more gains than tokens that have been around for a while.
Skale Network (SKL) and Covalent (CQT) completed Van de Poppe’s list of ten altcoins that he believes are undervalued and could do well in this bull run.
Total market cap trending at $2.4 trillion | Source: Crypto Total Market Cap on Tradingview.com
Featured image from Coinpedia, chart from Tradingview.com
Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
Some markets have seen a big bump in newly built homes, which is affecting supply-and-demand dynamics.
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Geneva, Switzerland, March 28, 2024 – HackaTRON Season 6, co-hosted between TRON DAO, HTX DAO, BitTorrent Chain, and JustLend DAO, introduces an exciting lineup of new sponsors, partners, and judges.
Showcasing HackaTRON Sponsors
Diamond Sponsors:
Ankr: Specializing in decentralized infrastructure services for DApp development, Ankr supports the seamless integration and deployment of blockchain applications.
ChainGPT: Platform that merges the power of AI with blockchain to significantly enhance Web3’s accessibility and efficiency. Contributing to the discerning panel of judges, ChainGPT introduces:
Ilan Rakhmanov, Founder & CEO: A visionary entrepreneur with a knack for blending coding, compliance, and business to guide ChainGPT’s strategic direction.
Sharon Sciammas, CMO: Armed with vast tech marketing knowledge, Sharon aims to broaden the event’s impact and participant engagement.
Max Martinez, Advisor: With his expertise in AI, FinTech, Blockchain, and Web3, Max offers invaluable insights into product strategy and innovation.
AI-Tech Solidius: A champion of eco-friendly computing and a marketplace linking AI and blockchain, emphasizing sustainable tech development. Joining the judge lineup from AI-Tech Solidius are:
Paul Farhi, Founder & CEO: Leading with a vision for integrating AI within blockchain, driving the future of decentralized technologies.
Talha Tayyab, Marketing Manager: Brings strategic marketing insights to highlight innovative solutions and engage the global community.
Adrian Stoica, Founder and Head of Technology and Development: Offers a deep tech perspective to evaluate the technical robustness of projects.
Platinum Sponsor:
Kima: A decentralized protocol for blockchain-based money transfers, enabling interchain transactions and accessibility for any user across any blockchain. It promotes an innovative approach to liquidity management and transaction assurance, ensuring seamless and secure transfers every time.
Gold Sponsor:
GT-Protocol: As our Gold Sponsor, GT-Protocol revolutionizes DeFi with its suite of decentralized tools aimed at enhancing efficiency and transparency. Embracing the core values of open finance, GT-Protocol brings to the judge’s table:
Balaban Vladyslav, Co-founder: A fervent blockchain advocate, investor, entrepreneur, futurist, and the driving force behind GT Protocol’s innovative vision.
Celebrating Strategic Partnerships and Industry Experts
HackaTRON Season 6’s innovation and integrity are amplified by the diverse expertise of our partners and their distinguished judges:
Huawei Cloud: Represented by Bian Wenchao, who is spearheading the charge towards a vibrant Web3 ecosystem.
Blockchain.com: Matt Arney, leading business development, brings a dynamic approach to fostering startup growth within the blockchain space.
ChainSecurity: Pietro Carta, a Blockchain Security Engineer known for identifying and mitigating critical vulnerabilities in blockchain infrastructures.
ChainAnalysis: Pablo Navarro, Technical PMM & Developer Marketing, combines his Web3 experience with offensive security to enhance blockchain safety.
Nansen: Edward Wilson, Social Media Manager, offering insights into on-chain data and DeFi from a user experience perspective.
Into The Block: Nicolas Contasti, Head of Sales & Business Development, shares his rich experience from transforming today’s financial services industry through blockchain and crypto innovations.
CryptoQuant: Ben Sizelove, Senior Data Consultant, represents CryptoQuant’s commitment to providing top-notch on-chain and market data analytics.
CryptoRank: Sergei Zubakov, a chief analyst with deep expertise in the DeFi sector, adds a layer of analytical prowess to the event.
Arkham: Alexander Lerangis, Head of Business Development, focuses on leading Arkham’s partnerships, branding, and growth initiatives.
Unprecedented Prize Pool and Community Engagement
With up to $650,000* in prizes, including $500,000 in TRX, TRON network’s native utility token, and $150,000 in energy, which can be used to subsidize transactions and smart contract interactions on the TRON network. HackaTRON Season 6 invites developers to demonstrate their skills and contribute to the ecosystem’s growth. View HackaTRON Season 6 for more details.
*All prizes are issued in TRX or TRON network Energy, not USD, restrictions applied. All contest rules can be viewed here:
About TRON DAO
TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps.
Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of March 2023, it has over 217.61 million total user accounts on the blockchain, more than 7.27 billion total transactions, and over $25.91 billion in total value locked (TVL), as reported on TRONSCAN.
In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens – TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country.
TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum
Media Contact
Hayward Wong
press@tron.network
The post TRON DAO Reveals Exciting Updates to Sponsor and Judge List for HackaTRON Season 6 appeared first on CryptoSlate.
Hong Kong financial regulator, the Securities and Futures Commission (SFC), issued a public warning about MEXC’s unlicensed operations within its jurisdictions.
SFC stated:
“The entity purports to be a virtual asset trading platform operating at the above website. It has been targeting Hong Kong investors but is not licensed by the Securities and Futures Commission.”
Consequently, the platform has been added to Hong Kong’s list of suspicious virtual asset trading platforms, including other notable crypto firms like ByBit.
Local laws violation
Per the SFC, MEXC’s operation in the city-state violated local laws.
According to the SFC:
“Under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, it is an offence to carry on a business of providing a virtual asset service (ie, operating a virtual asset exchange) in Hong Kong and/or actively market such services to Hong Kong investors without a licence.”
This is not the first time the SFC has issued a public warning related to the MEXC exchange. Earlier in the year, the regulator stated that scammers were pretending to be from the crypto trading platform and luring unsuspecting victims into participating in what appears to be a crypto investment scam.
The scammers used links with addresses that start with “MEXC” and end in random letters, similar to phishing links.
As such, the SFC said it may pursue regulatory action against the platform if necessary.
“The SFC will not hesitate to take enforcement action against unlicensed activities where appropriate,” it added.
Meanwhile, the financial regulator warned crypto investors against trading on unregistered platforms, adding that they risk losing their investment if the platform experiences any form of failure.
SFC’s MEXC warning is unsurprising, considering the financial watchdog recently ended its registration window for crypto firms to apply for licensing to operate within the Asian city-state. Unregistered entities must close their businesses by the end of May.
The post Hong Kong SFC expands violations list adding MEXC for unlicensed operations appeared first on CryptoSlate.
PRESS RELEASE. Road Town, BVI, February 29th, 2024 – In a significant move for cryptocurrency and mobile technology enthusiasts, LBank Exchange, a premier global digital asset trading platform, has announced the listing of The Quantum Resistant Ledger (QRL) on March 1, 2024. Users of LBank Exchange can brace themselves for the QRL/USDT trading pair, which […]
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VeChain (VET), a blockchain platform focused on supply chain management and enterprise solutions, is experiencing a surge in price and trading volume, fueled by bullish predictions and anticipation of a major announcement related to environmental sustainability.
Over the past 24 hours, VET has jumped an impressive 12%, currently trading at $0.047. This follows a remarkable week where the altcoin gained a solid 67%, defying the recent lull in the broader cryptocurrency market. Notably, trading volume has skyrocketed by a staggering 155%, reaching over $135 million within the same period.
VET price action. Source: Coingecko
VeChain: Technical Breakout And Price Target
Crypto analyst Ali Martinez has garnered attention with his technical analysis, suggesting that VET is nearing the end of its consolidation phase. Martinez, referencing historical price patterns, predicts a breakout to the $0.05 region this week. If his prediction holds true, this would represent a further increase of 36% from the current price.
It feels like it will be a big week for #VeChain! If history repeats itself, $VET could be looking at a move to $0.054 this week, a brief correction until June, and then a bull run to $0.70 by November! pic.twitter.com/wTdPW34NNH
— Ali (@ali_charts) February 14, 2024
Martinez’s analysis draws parallels to VET’s 2021 bull run, preceded by a 595-day consolidation period. He posits that a similar trajectory could unfold this year, with a potential first target of $0.054, a level not seen since February 2022. This would translate to a remarkable 56% gain from the current price.
Impending Announcement Fuels Speculation
Adding to the bullish sentiment is the anticipation of a significant announcement from VeChain. Industry insiders hint at the company’s plans to unveil initiatives leveraging blockchain technology to address environmental challenges. The potential for blockchain to promote sustainable practices and create interconnected ecosystems that reward eco-conscious behavior is resonating with investors.
VeChain is joining the global tech community later this month, embarking on a tech-driven campaign to drive a sustainable future at #MWC2024.
— vechain (@vechainofficial) February 14, 2024
This strategic direction aligns with VeChain’s core values of sustainability and transparency, potentially attracting new investors and partnerships focused on environmental solutions. The announcement’s specifics remain undisclosed, but the buzz has undoubtedly contributed to the recent price surge.
VET market cap currently at $3.543 billion. Chart: TradingView.com
Community Anticipates Price Explosion, Analyst Cautions
VeChain’s strong community is particularly optimistic, with some predicting a price of $0.7 by November 2024. This ambitious target represents a staggering 1,921% increase from the current price. While the potential for growth is undeniable, it’s crucial to approach such predictions with caution.
Martinez acknowledges the bullish sentiment but warns of a potential short-term correction in June before the anticipated upward rally. He emphasizes the inherent volatility of the cryptocurrency market, reminding investors to conduct thorough research and adopt a risk-management approach before making any investment decisions.
Meanwhile, VeChain’s recent price surge and upcoming announcement have ignited excitement within the cryptocurrency community. While technical analysis suggests a potential breakout and ambitious price targets are circulating, it’s essential to remember the inherent volatility of the market and exercise caution.
Featured image from Adobe Stock, chart from TradingView
Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
In a surprising turn of events, BONK, the self-proclaimed third biggest Doge-inspired meme coin, has roared back to life, notching an impressive 25% surge in the past 24 hours.
This dramatic price jump catapulted BONK back into the coveted top 100 cryptocurrency rankings, reigniting hope among its investors and sparking curiosity within the wider crypto community.
But what fueled this sudden rally, and can BONK sustain its newfound momentum? Let’s dissect the factors behind this comeback and explore the challenges that lie ahead.
Source: Coingecko
BONK: From Near Extinction To Top 100 Revival
Just days ago, BONK’s future seemed bleak. The meme coin had been on a downward spiral, losing over 20% of its value in the last month and teetering on the edge of falling out of the top 100 list.
However, the winds of fortune shifted dramatically in the last few days, with BONK experiencing a meteoric rise that propelled it back into the cryptocurrency limelight.
BONK/USDT on the 24-hour chart. Source: TradingView
Similar to its previous rally, BONK’s resurgence can be partially attributed to a broader market upswing. Bitcoin and Ethereum, the leading cryptocurrencies, saw significant gains, with Bitcoin rising by 4.6% and Ethereum by 3%. This positive sentiment undoubtedly played a role in boosting investor confidence in BONK.
However, internal developments within the BONK ecosystem also contributed to the rally. Recent updates to the BONK protocol, including increased utility for token holders and the launch of new community initiatives, seem to have revitalized interest in the project.
BONKUSD currently trading at $0.00001272 on the daily chart: TradingView.com
Additionally, BONK’s close association with the Solana blockchain, which itself experienced a 7.4% price increase, might have provided further support.
Technicals Flash Green, But Caution Prevails
From a technical standpoint, BONK’s current position appears promising. The token’s Relative Strength Index (RSI) sits comfortably at around 58, indicating healthy buying pressure. Moreover, trading above its 30-day moving average suggests potential for continued near-term growth.
Nevertheless, seasoned investors know that the world of memecoins is riddled with volatility. BONK’s all-time high of $0.00003416, reached in December 2023, stands a stark reminder of the potential for sharp declines.
Also, the token’s market cap of $641 million pales in comparison to its meme-coin rivals like Dogecoin and Shiba Inu, highlighting the need for wider adoption and sustained community engagement.
The Verdict: A Cautiously Optimistic Outlook
BONK’s recent 25% surge serves as a testament to the meme coin’s resilience and the power of community support. While riding the market wave and internal developments have provided a much-needed boost, the road ahead remains challenging.
Overcoming volatility, establishing itself within the meme-coin landscape, and attracting wider adoption are crucial hurdles that BONK needs to overcome to secure its place in the top 100 – and beyond.
Featured image from Adobe Stock, chart from TradingView
Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
It’s always a good idea for investors to have a long list of stocks they’ve fully researched ready to go in case the stock market tumbles. Opportunities to buy great companies at great prices don’t come often and don’t last long.
Two stocks I’ll be keeping tabs on throughout 2024 are Twilio (TWLO -1.69%) and Cloudflare (NET -1.68%). Both are too expensive for me at the moment, but at the right price, I could see either one in my portfolio.
1. Twilio
Shares of communications platform Twilio are down more than 80% from their pandemic-era high. This isn’t a case of the market overreacting. Twilio’s growth has slowed to a crawl, prompting the company last year to reorganize its business into two distinct parts. The communications segment, which houses the company’s mature products, would focus on efficiency and profit. The data and applications segment, comprised of high-value software products, would aim to accelerate growth.
Twilio’s plan is only partially working. While the company has outpaced its targets for the communications segment, the other side of the business is struggling. Data and applications revenue grew by just 9% in the third quarter, barely faster than the mature communications segment.
The performance of Segment, which Twilio acquired in late 2020, has been a problem. Segment is a customer data platform that enables customers to aggregate customer data from various sources and create personalized customer experiences. It’s not a simple product, and Twilio’s sales efforts have stumbled. While its core messaging product is easy to explain — use an API to send text messages — Segment is a trickier sell.
The sales and marketing resources Twilio has dedicated to Segment haven’t produced the kind of growth the company was expecting, so it’s pulling back and laying off a portion of its workforce. This is a big hit to the company’s turnaround story.
While Twilio is struggling, I’m a fan of the company’s push to become profitable. Twilio is targeting GAAP profitability, not just profitability on an adjusted basis that backs out a bunch of real costs like stock-based compensation. The plan is to turn a generally accepted accounting principles (GAAP) profit by 2027, although the company’s growth challenges may push back that date.
Twilio stock isn’t cheap, trading for more than 3 times revenue estimates despite its challenges rekindling growth. I wouldn’t buy the stock at the current price, but I’ll be keeping an eye on it in 2024. At the right price, Twilio is a turnaround story worth betting on.
2. Cloudflare
The reason for my interest in Cloudflare is its incredible optionality. The company operates a global edge network that speeds up and protects websites, and it’s continually layering new products and services on top. One example is the company’s serverless computing platform. Cloudflare Workers enables developers to run code close to users, and a variety of data products make it easy to build full-scale applications on Cloudflare’s network.
While Cloudflare has taken its time jumping into the artificial intelligence market, the company is now full steam ahead. GPUs are being installed in its data centers around the world, and the Workers AI product enables developers to run AI models directly on Cloudflare’s network. The company is focusing on AI inference, not AI training, betting that inference will ultimately be a bigger market in the long run.
Cloudflare is on its way to becoming a cloud computing giant and perhaps an AI giant, and that’s certainly reflected in the stock price. Cloudflare is valued at about $29 billion, or roughly 22 times the average analyst estimate for full-year revenue. Even with Cloudflare’s immense potential, that’s a valuation I just can’t get behind, especially considering the company has yet to turn a GAAP profit.
For now, Cloudflare remains on my watchlist for 2024. If the stock takes a dive sometime next year, I’ll reassess. Cloudflare is a stock I’d like to own, but the price is just too optimistic for my tastes.
Timothy Green has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Cloudflare and Twilio. The Motley Fool has a disclosure policy.
U.S. Senators Mitt Romney (R-UT), Mark R. Warner (D-VA), Mike Rounds (R-SD), and Jack Reed (D-RI) have proposed legislation aimed at sanctioning foreign entities that facilitate financial transactions, including digital asset transactions, with Foreign Terrorist Organizations (FTOs) designated by the U.S.
The bill, titled the Terrorism Financing Prevention Act, is a response to the increasing role of digital assets in financing terrorism, exemplified by Hamas’s recent attacks on Israel. It seeks to expand the Treasury Department’s resources and authority to counteract emerging threats from digital assets and hold foreign financial institutions, including crypto firms, accountable for their relations with FTOs.
The proposed legislation outlines several key measures to prevent FTOs from accessing U.S. financial institutions and digital asset systems. These include the obligation for the Treasury to identify foreign financial institutions and digital asset facilitators that have knowingly conducted significant transactions with FTOs or related parties. Following identification, sanctions would be imposed, either restricting the use of U.S. correspondent bank accounts or barring digital asset transactions with U.S. persons.
The legislation includes two exceptions allowing flexibility on national security issues and trade. A waiver provision enables the Treasury Secretary to suspend sanctions under the Act deemed in U.S. national interest but requires Congressional notification. Additionally, sanction authority excludes the importation of physical goods, avoiding unintentional economic impact. The exceptions permit case-specific sanction waivers benefiting national security and continuous physical goods trade.
Long time coming
Congress is actively considering several bills aimed at regulating the burgeoning cryptocurrency and digital asset market. These legislative efforts reflect a growing concern among lawmakers about the need for a comprehensive framework to govern digital currencies and related activities.
One of the key proposals is the Financial Innovation and Technology (FIT) for the 21st Century Act of 2023, sponsored by Representatives Glenn Thompson (R-PA) and Dusty Johnson (R-SD). This bill seeks to redefine the regulatory boundaries for digital assets by categorizing them based on blockchain technology, distinguishing between centralized and decentralized blockchains.
The bipartisan Responsible Financial Innovation Act of 2023, known as the Lummis-Gillibrand bill, is another major initiative. Introduced by Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY), it proposes to maintain the application of the Howey test to digital assets, delineating the oversight roles of the SEC and CFTC in the digital asset market.
The Digital Asset AML Act, reintroduced by Senators Elizabeth Warren (D-MA), Roger Marshall (R-KS), Joe Manchin (D-WV), and Lindsey Graham (R-SC), focuses on extending Anti-Money Laundering (AML) provisions of the Bank Secrecy Act to cryptocurrencies. This bill aims to increase transparency and prevent illicit transactions in the digital currency space.
The Financial Technology Protection Act of 2023, introduced by Senators Ted Budd and Kirsten Gillibrand, is led in the House by Representatives Zach Nunn (R-IA) and Jim Himes (D-CT). This bipartisan bill, previously passed in 2018 and 2019, establishes a group to combat terrorism and illicit financing using financial technologies, including digital assets. It focuses on enhancing anti-money laundering measures and requires annual Congressional reports on its findings and strategies to counteract the misuse of digital assets by foreign entities.
Lastly, the Clarity for Payment Stablecoins Act of 2023, introduced by Representative Patrick McHenry (R-NC), is tailored to regulate the issuance of stablecoins. The bill outlines specific requirements for banks issuing stablecoins, focusing on safeguarding deposits, reserves, and liquidity.
These legislative efforts, coupled with the latest bill submitted on December 7, indicate a concerted effort in Congress to establish clear guidelines and oversight mechanisms for the rapidly evolving digital asset industry. However, given the number of steps that remain for each, any new legislation from Congress is a long way from becoming law.
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