Kategorie: Crypto News

• ADA fell by 26% in the past two weeks, from a high of $0.77 to a low of $0.57
• ARB recorded an even sharper 35% correction, from a high of $2.25 to bottom out at $1.45
• By contrast, BlockDAG secured $6.3M of investment in its presale

The crypto market continues to trade in the red zone, with many altcoins facing corrections. Specifically, Cardano saw a significant 26% decrease in value over the past two weeks, leading to a cautious Cardano (ADA) price prediction. Similarly, Arbitrum’s price faces potential further declines due to an upcoming token unlock.

On the flipside, the presale market is booming, with BlockDAG (BDAG) emerging as a frontrunner as it clocked up $6.3M in its presale stages.

Cardano (ADA) Price Prediction: Is Correction Looming?

The launch of a new stablecoin, USDM, on the Cardano blockchain caused a surge in ADA’s price and an increase in network activity. Despite these gains, concerns persist due to a negative MVRV ratio and bearish MACD and MFI indicators, hinting at a potential price correction. However, decreasing volatility suggested by Bollinger Bands presents a complex outlook for ADA’s price rally sustainability.

Whales Transfer $58M in Arbitrum Tokens to Exchanges Following Unlock

Arbitrum (ARB) witnessed a significant token unlock on March 16, releasing 1.1 billion Arbitrum tokens worth $2.32 billion to its team, advisers, and investors. Following this, whales moved $58 million worth of Arbitrum tokens to exchanges, contributing to a price drop.

Despite the recent unlock leading to a nearly 23.42% decrease in ARB’s price, another unlock of 92.65 million tokens, valued at about $157 million, is scheduled for April 16, potentially affecting the token’s market further.

BlockDAG’s Viral Keynote

BlockDAG (BDAG) has surged in popularity among presales following the release of a viral keynote video, which debuted on the digital screens of Shibuya Crossing in the heart of Tokyo. Following the keynote debut, BlockDAG’s presale witnessed an impressive influx of over $6.3 million in investments.

The core offerings of BlockDAG include BDAG coins, a crypto payment card, and its X-series lineup of mining rigs. The BlockDAG payment card, accepted at over 38 million locations globally, allows users to spend their BDAG coins and other major cryptos like Ethereum, Bitcoin, and Solana for everyday purchases.

As for the BDAG coins themselves, users can mine them with the X-series rigs and spend them with the BlockDAG card or trade on exchanges. These rigs are designed to be environmentally friendly and user-centric, capable of mining a range of cryptos and potentially generating $1 to $100 daily in passive income.

In response to the overwhelming early investor interest and the $6.3 million raised quickly, BlockDAG has announced a $2 million mega giveaway shared by 50 lucky community members. To participate in the giveaway, follow BlockDAG’s social media channels, submit your wallet address, increase your chances by completing all quests, and bring friends for additional entries.

Final Thoughts

The Cardano (ADA) network faces potential price corrections amid negative market indicators, despite a surge in network activity and price. Arbitrum (ARB) could see further price drop with a scheduled unlock of 92.65 million Arbitrum tokens on April 16. BlockDAG (BDAG) continues to attract significant investment in its presale, buoyed by its ROI potential and passive income opportunities.

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram:https://t.me/blockDAGnetworkOfficial

The post Cardano and Arbitrum fall by more than 20%, While BlockDAG Presale Jumps to $6.3 Million appeared first on CoinJournal.

• Layerswap’s domain, layerswap.io, was hijacked, leading to a phishing scam and $100,000 loss.
• Despite delays, Layerswap regained control, pledged full refunds, and offered a 10% bonus.
• Crypto scams remain prevalent, with $46.86 million lost in February 2024 alone.

On March 20th, around 7:40 PM UTC, Layerswap’s domain, layerswap.io, fell victim to a significant security breach.

Malicious actors compromised Layerswap’s GoDaddy account, altering the domain’s DNS settings, and redirecting traffic to a phishing site.

Despite swift action, around 50 users fell prey to the scam, collectively losing $100,000 in assets.

Layerswap has recovered the domain

Despite encountering delays, Layerswap regained access to their GoDaddy account by 11:07 PM UTC, enabling them to reverse the hacker’s modifications and regain control of their domain.

The company has taken proactive measures, fully refunding affected users and offering an additional 10% as compensation for the inconvenience caused by the security breach.

11:07 PM: We finally regained the ability to log into our #GoDaddy account.

11:15 PM: We immediately reset the name servers, changed all account passwords, and updated 2FA settings.

11:40 PM: DNS changes were fully propagated restoring our control over the domain.

12:00 AM:…

— Layerswap (@layerswap) March 21, 2024

Scam Sniffer’s insights on crypto scammers

According to Scam Sniffer, February 2024 witnessed significant losses of $46.86 million in cryptocurrencies due to scams, with over 57,000 individuals falling victim to various phishing schemes.

Notably, there was a 75% decrease in victims losing over $1 million compared to January 2024. Despite efforts to combat scams, vulnerabilities persist, as seen in ParaSwap’s recent incident, where a hacker managed to cash out funds worth approximately $24,000.

The Layerswap incident serves as a stark reminder of the persistent threat posed by cybercriminals in the cryptocurrency space.

While Layerswap’s swift response and commitment to refund affected users are commendable, it underscores the need for enhanced security measures and user awareness within the crypto community.

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• Exaion, EDF’s subsidiary, joins Chiliz Chain as validator
• Exaion joins PSG, an iconic soccer club, in becoming Chiliz Chain validators.
• The collaboration enhances blockchain security, fan engagement, and revenue generation.

In a move signalling a strategic partnership between the energy and blockchain sectors, Exaion, a subsidiary of the French state-owned energy company EDF, has officially become a validator on the Chiliz Chain.

This development marks a significant step forward in the convergence of energy expertise and blockchain technology.

Exaion’s expertise aligns with Chiliz’s vision

Chiliz, renowned for its fan token trading platform Socios.com, has recognized the potential of Exaion’s expertise in energy and technology.

With a focus on digital transformation and energy efficiency in data centres, Exaion’s involvement as a validator underscores Chiliz’s commitment to enhancing its blockchain network’s security and resilience.

Exaion’s co-founder, Fatih Balyeli, describes the collaboration as a pivotal strategy in shaping the future of digital engagement.

By leveraging Exaion’s knowledge and experience, Chiliz aims to fortify its blockchain infrastructure while expanding its reach into sports and entertainment domains.

Exaion joins PSG as Chiliz validators 

Exaion follows in the footsteps of Paris Saint-Germain (PSG), the iconic French soccer club, which recently joined Chiliz Chain as a validator.

PSG’s decision to validate transactions on the Chiliz Chain underscores the growing trend of collaboration between blockchain platforms and prominent sports organizations.

The partnerships not only enhance the security of the Chiliz network but also open new avenues for fan engagement and operational optimization.

As validators, Exaion and PSG play integral roles in managing blockchain nodes, verifying transactions, and executing smart contracts. Their participation in the Chiliz Chain ecosystem not only ensures the integrity of the network but also generates revenue through node operation.

Also, by leveraging the strengths of EDF’s subsidiary and the iconic PSG, Chiliz aims to bolster its position as a leading blockchain platform for fan engagement and digital asset management in the sports industry and beyond.

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• Dogecoin (DOGE) soars again amid reports Coinbase plans to list DOGE futures.
• As investors seize on opportunities in the market, attention is firmly on Memeinator (MMTR).
• Memeinator has raised more than $7.5 million, with just a few tokens remaining in final presale stage.

Memeinator, is in its final presale stage, with tokens worth less than $215k to go. Interest in the new meme coin is skyrocketing in these final hours. Meanwhile, Dogecoin, the original meme crypto, could be on the cusp of fresh traction with Coinbase listing of DOGE futures.

Read on to find out why investors are excited about Memeinator.

Coinbase plans Dogecoin futures

The price of Dogecoin rose as altcoins bounced alongside Bitcoin following Wednesday’s FOMC meeting. DOGE price broke above $0.15, spiking more than 18% in 24 hours. 

The gains came as crypto and stocks flipped green following Fed’s signal that lower rates are on the cards. However, Dogecoin also received another boost in news related to leading US-based crypto exchange Coinbase.

According to documents the exchange sent to the US Commodity Futures Trading Commission (CFTC) earlier this month, Dogecoin has shown “enduring popularity” and has transcended the meme tag. This outlook has Coinbase eyeing DOGE futures products.

Specifically, Coinbase Derivatives has plans to unveil cash-settled futures products in three cryptocurrencies – Litecoin, Bitcoin Cash and Dogecoin. The listings could come as soon as April 1, 2024.

Memeinator (MMTR): Investors eye future of meme coins

Memeinator is a meme coin project. However, it is not the typical copycat kind of meme coin.

This is a project that has designs on dominance of the space via real world value for its community. The revolution begins with the annihilation of all weak meme tokens – which currently number in their hundreds.

Memeinator knows these tokens are of poor quality and offer no utility.

To save the crypto world from the bleak future they portend, the Memeinator taps into artificial intelligence to power the Meme Warfare game. AI feeds all subpar meme coins into this game and the community gets a play-to-earn ecosystem that rewards them for destroying worthless meme tokens.

Excitement for this project, which has already unveiled a staking pool and carried out a token burn, has spiked in recent weeks. The partnership with game studio Red Apple Technologies earlier this year ticked a major milestone box for Memeinator.

Apart from the game, the community will also get exclusive access to an NFT collection. A roadmap highlighting when the game and NFTs launch is available on the official Memeinator website.

Memeinator: Market debut next

The Memeinator will have a total supply of 1 billion MMTR and 62.5% of this was available in a presale that started in Q4, 2023. 

Early adopters have allocated more than $7.5 million so far, with less than $215k worth of MMTR remaining before the final stage 20 ends.

With the close just hours away, the scramble to get into position is at a new peak. Buyers are keen to lock in potential 100x gains with the presale price of $0.0292.

Memeinator’s upcoming launch in the market coincides with a bullish crypto market as Bitcoin reclaims $68k and is likely to target a new all-time high in a post-halving rally. The positive sentiment across the market, including for top meme coins like Dogecoin is also likely to propel MMTR higher.

Find more about Memeinator here.

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