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Countless people lost money in Do Kwon’s high-interest crypto scheme, and the time has finally come to start a formal loss claim. At its peak, the market capitalization for Luna peaked at around $40 billion, and the Anchor protocol had a peak Total Value Locked of approximately $17 billion. Many people simply saw Kwon’s advertised 19-20% interest rate, bought Kwon’s Terra stablecoin, and deposited it into his Anchor protocol in order to earn yield. Others speculated on Luna or Anchor governance tokens. It sounded too good to be true, and it was. All of Kwon’s tokens – Terra, Luna, and Anchor – have lost over 99.9% of their peak value. The SEC sued. A jury in New York agreed, deciding Kwon and his company, Terraform, are guilty of defrauding investors. Kwon and his company must pay billions of dollars to victims. Kwon is now a felon and international fugitive . If you held Terra (UST), Luna (LUNA), Anchor (ANC), or Mirror (MIR) in or prior to May 2022, you might be eligible for com...

BNB price is holding the $565 support zone. The price is now consolidating and might aim for more gains above $590 in the near term. BNB price started a decent upward move from the $565 support zone. The price is now trading above $580 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $582 on the hourly chart of the BNB/USD pair (data source from Binance). The pair could extend its increase if it clears the $590 resistance in the near term. BNB Price Eyes More Upsides In the past few days, BNB price saw a decent upward move from the $565 support zone, like Ethereum and Bitcoin. The price was able to climb above the $572 and $580 resistance levels. It even cleared the $582 resistance. The current wave surpassed the 50% Fib retracement level of the downward move from the $597 swing high to the $568 low. Besides, there was a break above a key bearish trend line with resistance at $582 on the hourly char...

As the 2024 Paris Olympics kicked off, The Meme Games presale began generating traction, raising nearly $300k to date. This project combines meme culture with sports, blending the excitement of the Olympics with your favorite internet memes in a unique fusion. The Meme Games brings together five popular meme coins in an engaging game where purchasing $MGMES tokens could earn you a bonus. The characters featured in this game include Dogecoin, Pepe, DogWifHat, Brett, and Turbo. These five meme icons will compete in a 169-meter dash, and if your chosen character wins, you’ll receive a 25% bonus on your $MGMES investment. With outcomes being fair and unpredictable, players have the opportunity to enhance their chances of winning by participating multiple times, especially given the low cost of entry for buying $MGMES tokens. Presale Ends Soon with Opportunities for High Returns and Staking Rewards Early purchasers can buy $MGMES tokens for just $0.0091 each. It’s important...

The Mog Coin price surged over 15% in the last 24 hours to trade at $0.000002099 as of 11:45 p.m. EST. This jump in the MOG price was enough to erase the crypto’s weekly loss. As a result, the altcoin is up by just more than 1% over the past 7 days.  The Mog Coin Price Tries To Break Above A Bullish Channel 4-hour chart for MOG/USD (Source: GeckoTerminal ) An ascending channel has formed on MOG’s 4-hour chart after the Mog Coin price printed a series of higher highs and higher lows over the past 48 hours. Now, the meme coin is attempting to break out above the price channel, which could lead to MOG flipping the $0.000002122 resistance level into support.  Should the Mog Coin price close a 4-hour candle above $0.000002122 within the next 8 hours, the crypto could have the technical foundation needed to rise to $0.000002357 through the course of the following trading day. However, a rejection from the $0.000002122 mark might invalidate the bullish thesis. In...

Cryptocurrencies have captivated the investment world, offering opportunities for substantial returns. Among the emerging tokens that have caught the attention of investors are Bonk (BONK) and Mpeppe (MPEPE). This article takes a deep dive into the profitability of these two tokens, exploring their potential and what makes them stand out in the crowded crypto market. Bonk (BONK): Riding the Meme Wave to Success Bonk (BONK) has made a significant impact since its introduction. With its distinctive approach and strong community support, Bonk (BONK) has carved out a niche for itself. The token leverages the viral nature of internet culture and memes, creating a compelling narrative that resonates with a wide audience. Bonk’s Impressive Track Record Bonk (BONK) has demonstrated impressive growth since its launch. Its ability to capture the imagination of the crypto community through innovative marketing and community engagement strategies has driven its value. Bonk (B...

Get ready for the crypto summer heat with a selection of promising altcoins. As the market seems to rebound, certain digital assets could be gearing up for an epic rally. This article reveals the leading contenders ready to soar, presenting potential upsides for astute crypto enthusiasts. Keep reading to find out which tokens are primed for success. Minotaurus (MTAUR): A New Player in Blockchain Gaming Starting today’s exploration is Minotaurus (MTAUR) , an emerging blockchain gaming project inspired by Greek myths. This project features a maze navigation game where players overcome obstacles, fight enemies, and find treasures.  Minotaurus (MTAUR)' native token, $MTAUR, is available at a 76% price cut during the presale, starting at just $0.0000482. This offers significant potential for early participants, with the token expected to list at $0.00020. Early buyers also stand to benefit from referral and vesting bonuses.  $MTAUR has strong in-game utility. It ...

Indeed, the Bitcoin price has been on a hot streak in recent weeks, returning to its past heights most investors have become accustomed to. However, the past week was a somewhat quiet one for the premier cryptocurrency, as it was for most of the digital asset market. Interestingly, the latest on-chain insights suggest that the crypto market, specifically the Bitcoin market, might not be inactive for too long.  BTC Price Momentum Shifts To Positive – Impact On Price? In a recent post on the X platform, popular crypto pundit Ali Martinez revealed that Bitcoin miner capitulation has seemingly come to an end. This on-chain observation is based on a shift in the Glassnode Hash Ribbon indicator, which measures BTC’s hash rate. Related Reading Analyst Pre...

Layer 2 scaling solution Polygon has maintained strong network activity even as the broader cryptocurrency market and its native token, MATIC , experienced a downturn in the second quarter of 2024, according to a new report from market intelligence platform Messari. Polygon Weathers Crypto Market Downturn While MATIC saw a 44.3% drop in its circulating market cap to $5.5 billion over the quarter, placing it as the 20th largest crypto asset (currently at the 26th position), the protocol’s on-chain metrics remained strong.  This is in contrast to larger cryptocurrencies such as Bitcoin and Ethereum, which saw their market capitalization decline by 12% and 6%, respectively, over the same period. Related Reading Why Is ETH Price Struggling Despite The...

As Bitcoin made slight gains in the past 24 hours, some altcoins also experienced bullish trends, boasting significant increases. Meanwhile, other cryptocurrencies also show signs of readiness to surpass crucial resistance levels. Many altcoins, like ORDI, UMA, and Aerodrome Finance, are experiencing a bullish trend. Based on the market data from these cryptocurrencies, some have posted gains in the same period, and higher gains are likely. It’s becoming evident that some of these tokens will become the next cryptocurrencies to explode . Next Cryptocurrency To Explode Many investors will be moving to seize new opportunities in the current market. Analysts are highlighting the potential of upcoming projects, and one example worth checking out is WienerAI. The project aims to merge AI and crypto trading to create a powerful, user-friendly trading platform. Below, we’ll look at updates on the project and its future. 1. Azuro Protocol (AZUR) Azuro Protocol provides complete...

Dogecoin (DOGE) could hit a new all-time high during the current cycle , according to a widely followed cryptocurrency analyst and trader. The analyst pseudonymously known as Kaleo tells his 642,600 followers on the social media platform X that Dogecoin is mimicking price action and that the largest memecoin by market cap could skyrocket by between 706% and 1,512% from the current level. “I still believe we’re in a meme coin super cycle and we’ll see DOGE send to $1 – $2. History just says we most likely have a little bit of time left to prep for it before it happens.” According to the pseudonymous analyst Dogecoin could plunge first by up to 35% from the current level before climbing. “With that in mind, I wouldn’t be surprised to see the current bullish trend break lower back to the $0.08 – $0.10 range and retrace the February move up [from around $0.075 to $0.23] that we saw.” The widely followed analyst ...

As we delve into the top gainers in the crypto market, it’s essential also to acknowledge the broader market movements that shape these trends. Bitcoin recently experienced a sharp decline of over 3% during Asian trading hours, part of a broader stock market downturn. Over $250 million in bullish bets were liquidated, marking the most substantial wipeout since early July. This highlights the volatility and interconnected nature of crypto and traditional markets.   Biggest Crypto Gainers Today – Top List Understanding the top gainers in the cryptocurrency market is crucial for discerning current trends and identifying promising opportunities. Today, we spotlight some of the standout performers who have captured attention with impressive gains. However, it’s not just about who’s leading the charge; analyzing their performance over both the short and long term is essential for making informed investment decisions. Read on to explore how these gainers are st...