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Experts predict the transformation of BEFE Coin from $100 to $200,000

TokenTalk Staff

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Sealana crypto presale goes live as Solana memecoins lead recovery

Disclosure: This article does not constitute investment advice. The contents and materials on this page are for educational purposes only.

With the cryptocurrency market recovering, memecoin fever is back and BEFE is in the spotlight.

While the market can never get enough of these meme tokens (have you seen Wall Street stocks trading like memecoins lately?), there are some tokens that can be a good catch in this bull season.

BEFE The price prediction is that a $100 investment in the token will yield an investment of $200,000. The prediction may seem far-fetched, but in the world of memecoins the possibilities are immense and it is always prudent to examine the token, its dynamics and the community to gauge the realization of any prediction.

The BEFE team labels memecoin differently as a token that will “bring back the old days of memecoin glory.” The BEFE website describes memecoin as:

“Everyone keeps spinning endless derivative coins with names like PEPE, Doggy, Shib, Floki and DOge Inu, but BEFE is done. The Inu and Rana coins had their moment in the sun. It’s time for the world’s most recognizable meme to take over as the ultimate meme king.”

True to the nature of memecoin, BEFE’s claim seems like a hype-building business, but there are a few USPs that set BEFE apart from the rest.

BEFE is supported by the Bitgert blockchain. Bitgert is a rapidly growing blockchain known for its high speed and low gas fees. BEFE shares features with Bitgert, which makes BEFE trading convenient.

BEFE does not include a presale or cryptocurrency fee, which are significant features for memecoins. Most memecoins feature a pre-sale where notable members are pre-allocated tokens and holders pay a crypto tax on the earnings earned. Here’s what BEFE tokenomics looks like:

30% for Pre-sale and OTC

30% for liquidity on DEX and CEX

20% for Team and Airdrop

20% for KOLs and influencers

Unsold BEFE tokens in the presale will add liquidity via OTC trades. BEFE is compatible with BSC, Solana, Ethereum and Polygon. It can be traded on Gate.io, BitSotrage, Tapbit, PancakeSwap, etc. To store, trade and exchange BEFE tokens, you need to download the regular MetMask wallet from the Google Play Store or Chrome browser.

BEFE has a fixed supply and price burn mechanism that keeps supply in check. The BEFE team is actively seeking partnerships in different sectors of the industry. It has currently managed to secure partnerships with Selwifhat, The Gair Network and Planktos.

BEFE performed better than Baby Doge in the BSC. Previously, the token gave returns of up to 550%, but the current series is yet to begin. The BEFE token is green but has yet to reflect any substantial gains in tandem with market movements.

BEFE is close to breaking above the $0.0001 resistance. Technical signals present a buying opportunity. However, the coin needs to track significant momentum to confirm a rally.

If you are a trader interested in memecoin trading, it is always advisable to do thorough research on the token, the team and the community related to memecoin.

To find out more about this project, visit the BEFE Coin presale site.

Disclosure: This content is provided by a third party. crypto.news does not endorse any products mentioned on this page. Users should do their own research before taking any action related to the company.

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We are the editorial team of TokenTalk, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on TokenTalk, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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Is it time to buy?

TokenTalk Staff

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Is it time to buy?

Altcoins based on Solana and artificial intelligence AI-powered coins have seen a surge in investment and price appreciation in recent months. Notable winners include io.net’s native token IO, which broke through the $5 mark and saw a substantial 50% increase just hours after a major listing announcement.

What drives investor interest in io.net?

The world’s largest cryptocurrency exchange, Binance, revealed that io.net will be added to various platforms, including Binance Simple Earn, Binance Convert, Binance Margin, Binance Futures and Binance Auto-Invest.

This listing news took IO to a record high of $5.99, making it one of the most profitable tokens among Solana-based tokens. However, the recent surge in IO’s price and investor interest begs the question: what is io.net and why are investors flocking to this token?

Basically, io.net aims to create a decentralized and globally accessible cloud computing network. This network reportedly provides cost-effective, flexible, permissionless access to computing capacity, specifically targeting the growing demand for GPU power driven by the rapid growth of Applications of artificial intelligence.

One of io.net’s key propositions lies in addressing the challenges faced by traditional cloud computing infrastructures, including high costs, limited availability and long wait times.

io.net addresses these issues by aggregating GPUs from underutilized sources such as standalone and idle data centers cryptocurrency mining farms. By leveraging these resources, io.net offers computing power at significantly reduced costs, up to 90% less than centralized providers.

IO token sales and economics

io.net leverages distributed computing libraries to facilitate parallel training. Training models on a single device often leads to bottlenecks due to CPU/GPU memory limitations.

However, io.net overcomes this challenge by orchestrating and batch training jobs across multiple devices, using data and parallelism of the model to improve training efficiency.

Additionally, io.net supports reinforcement learning (RL) workloads using an open source RL library. This feature easily enables the development and deployment of complex RL models, using a simple set of application programming interfaces (APIs).

Regarding token sales and the economy, io.net has a strategy to ensure a constant and controlled flow distribution of tokenspromoting long-term stability and ecosystem growth.

The initial supply circulating at the time of listing on Binance is 95,000,000 IO tokens, representing 19.00% of the Genesis supply. The maximum token supply is 800,000,000 IO tokens, with allocations for private sales, public launch, teams and advisors, and ecosystem treasury.

Performance of Solana-based tokens

At the time of writing, the Solana-based IO token is trading at $5.67. It remains to be seen whether the current bullish trend will be sustained over time following the initial hype surrounding Binance’s listing.

In particular, the token is quickly reached market capitalization of $543 million, indicating a significant influx of investment into the newly launched IO token.

SolanaThe 1-hour chart shows the upward trend of IO prices. Source: IOUSD on TradingView.com

Besides IO, another Solana-based token, dogwifhat (WIF), also saw a recovery after a abrupt correction in the past week. WIF regained the $2.68 level and recorded an uptrend of 6% over the past 24 hours.

In the case of Solana itself, the cryptocurrency is currently trading at $156, reflecting a 5.5% increase over 24 hours. However, the fifth largest cryptocurrency by market capitalization, at over $72 billion, has seen a price drop of nearly 10% over the past seven days.

Featured image from DALL-E, chart from TradingView.com

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The Next Big Cryptocurrency to Explode in 2024 [x100 Bull Run]

TokenTalk Staff

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The Next Big Cryptocurrency to Explode in 2024 [x100 Bull Run]

The cryptocurrency market is constantly evolving, and every now and then, a new contender emerges with the potential to deliver substantial returns. But with great potential comes great risk, and the market is rife with speculation, hype, and misinformation.

In this article, we’re diving deep into projects like EarthMeta, labeled as the best crypto of 2024 by specialists and cryptos media. We’re cutting through the noise, sharing ou findings and giving you insights—straightforward, objective, and grounded in reality. Stay safe and stay informed as we uncover what could be the most explosive investment opportunity of the year.

For a cryptocurrency token to experience significant growth, it requires first to be cheap, and to get a substantial influx of capital and liquidity (momentum). This means that a large amount of money needs to be invested in the token, and there needs to be enough liquidity for people to buy and sell the coin without causing major price fluctuations. If you aim to achieve a 100x return during a bull run, it’s generally advisable to look beyond the top 100 tokens listed on CoinMarketCap. This is because tokens below the top 100 often have more room for growth and can provide higher returns if they gain popularity and adoption.

To identify the next big coin that could explode in 2024 and therefore the best presale crypto of 2024, several key factors need to be considered. These factors include the sector in which the project operates, current trends, the project’s viability and reliability, and the strength of its community.

The first project we are considering this year is EarthMeta which is under a penny for the moment. This project operates within the Metaverse and Artificial Intelligence (AI) sectors, which are two of the most discussed and rapidly evolving areas in the tech world today. The Metaverse refers to a virtual reality space where users can interact with a computer-generated environment and other users. AI, on the other hand, involves the simulation of human intelligence in machines. By focusing on these trendy and cutting-edge fields, EarthMeta is well-positioned to attract significant attention, making it a strong candidate to be the next trendy crypto during the next 2025 bull run.

When evaluating a project’s viability and reliability, it is essential to consider the team’s experience and track record. For instance, EarthMeta is considered reliable due to its strong and experienced team, which has demonstrated the ability to execute its vision and deliver results. Another project worth noting is Telcoin, which has already established itself in the market and proven its reliability over time. Telcoin focuses on providing fast and affordable remittance services using blockchain technology, making it a practical solution with real-world applications.

Also, meme coins often start as jokes or internet memes, but they can develop into serious investment opportunities if they gain a strong and active community. The economic basis of a meme coin depends on what it promises to deliver and its actual performance. A strong community can drive demand and increase the token’s value, making it essential to evaluate the level of community engagement and support.

>>> The Next Must-Watch Cryptocurrency <<<

Our list of the next big crypto coins to explode in 2024 (x100 Bull Run) :

  • EarthMeta ($EMT) – AI-driven Metaverse platform for decentralized governance and digital real estate.
  • Folki ($FOLKI) – Meme coin integrating with the metaverse.
  • Telcoin ($TEL) – Decentralized finance solutions for mobile phones in emerging markets.
  • Toncoin ($TON) – Cryptocurrency integrated with Telegram’s advertising platform.
  • Lido ($LDO) – Prominent staking solutions for digital assets.

Cheelee ($LEE) – GameFi short video platform rewarding users for viewing and creating content.

EarthMeta is a project with the potential to deliver. 

 

Thinking on the early days of Bitcoin (BTC) and Ethereum (ETH), we can see how investors who took risks now enjoy substantial rewards. EarthMeta presents a similar opportunity by operating a metaverse. A sector at the forefront of technological innovation and investment.

 

The significance of the Metaverse and AI cannot be overstated. These areas are generating extensive interest, and experts predict they will continue to grow. The metaverse, a virtual reality space where users can interact, is creating new avenues for social interaction, work, and entertainment. AI is transforming industries with its ability to process and analyze vast amounts of data, making decisions faster and more accurately than humans. EarthMeta is well-positioned within this context, leveraging advancements in these fields to create a unique offering.

 

The project’s strong fundamentals include a dedicated team, a clear and ambitious long-term roadmap, and solid tokenomics, all of which contribute to its potential for significant growth. The team behind EarthMeta has a proven track record of success in tech and finance, ensuring that the project is in capable hands. The long-term roadmap outlines a series of strategic milestones that aim to expand the project’s capabilities and reach, while the tokenomics ensure a sustainable economic model. By combining these elements, EarthMeta could become the Bitcoin of this year, offering substantial returns for early investors.

 

>>> Learn more about EarthMeta.AI <<<

Key features:

  • AI-Powered Metaverse: EarthMeta is the first decentralized AI-powered metaverse, allowing users to own and govern virtual real estate.
  • Comprehensive Ecosystem: It includes features like EarthMeta Core for trading virtual properties, EarthMeta Marketplace for buying and selling assets, and EarthMeta AI for personalized trading data.
  • Strong Fundamentals: With a dedicated team, a clear and ambitious long-term roadmap, and solid tokenomics, EarthMeta is well-positioned for growth.

Potential for Growth: EarthMeta leverages the latest advancements in the metaverse and AI to create unique offerings. The project’s strong fundamentals, combined with its innovative approach, make it a compelling investment opportunity. The benefits that you can get from now (during their presale) can get you in the best spot for the bull run . 

2. Folki

Folki is another cryptocurrency booming that deserves attention due to its unique positioning at the intersection of the meme coin universe and the metaverse. Meme coins often gain popularity through viral marketing and strong community support. Folki, however, goes a step further by integrating with the metaverse, providing additional use cases beyond its meme origins.

The metaverse is rapidly becoming a significant area of development in the digital world, offering new ways for people to interact, work, and play. Folki’s integration into this space means it can tap into the growing interest and investment in the metaverse, potentially driving its value up significantly. The combination of meme culture and metaverse utility makes Folki a unique and promising contender in the cryptocurrency market. The project aims to create a virtual world where users can engage in various activities, from gaming to socializing, all while using Folki tokens for transactions. This dual appeal—both as a meme coin and a utility token within the metaverse—positions Folki as an altcoin to buy poised for substantial growth.

Key features:

  • Valhalla NFT Metaverse Game: This game taps into the $1 trillion metaverse industry, with Floki tokens being the main currency.

  • FlokiFi: A suite of DeFi products that enhance the token’s utility.

  • Community-Driven: Strong community support and viral marketing have significantly boosted Folki’s popularity.

Potential for Growth: Folki’s integration into the metaverse and its robust community support make it a unique and promising contender in the cryptocurrency market. Its ability to tap into growing interest and investment in the metaverse could drive its value up significantly .

3. Telcoin

Telcoin has carved out a niche by focusing on providing decentralized finance (DeFi) solutions through mobile phones, particularly in emerging markets like Asia. It is primarily used for micropayments, which are crucial in low-income countries where traditional banking services are limited. Telcoin leverages the widespread use of mobile phones to facilitate financial transactions, making it an essential tool for economic empowerment in these regions.

Telcoin has already demonstrated its potential by achieving a 500x return in the past. Despite the recent bear market, Telcoin has shown resilience and continued to perform well. Its practical use case and proven track record suggest it could achieve significant growth again. The focus on providing real-world solutions in underserved markets positions Telcoin as a strong candidate for another 100x return, especially as it continues to expand its reach and improve its services. Telcoin’s platform allows users to send money quickly and affordably, bypassing traditional banking infrastructure and reducing transaction costs. This makes it particularly valuable in regions where access to financial services is limited.

Key features:

  • Mobile-First Approach: Telcoin leverages the widespread use of mobile phones to facilitate financial transactions.

  • Proven Track Record: Telcoin has already demonstrated its potential by achieving a 500x return in the past.

  • Practical Use Case: Its focus on providing real-world solutions in underserved markets positions it well for future growth.

Potential for Growth: Telcoin’s resilience and continued performance during market downturns suggest it could achieve significant growth again. Its practical use case and expansion in emerging markets make it a strong candidate for another 100x return .

4. Toncoin

Toncoin, often referred to as “Telegram money,” is another cryptocurrency with significant potential. Telegram, a widely used messaging platform, has introduced paid advertising within its application, using Toncoin as the medium for transactions. This move is reminiscent of Google’s introduction of Google Ads, which led to phenomenal growth for the company.

Telegram’s advertising platform allows users to create ads that are broadcast on various channels, targeting users when they are most interested in the products or services being offered. This integration of advertising and cryptocurrency provides a powerful use case for Toncoin. As Telegram continues to expand its features and possibly introduce new services like a marketplace, the demand for Toncoin is likely to increase. This could drive substantial growth, making it a promising candidate for significant returns. Toncoin facilitates seamless transactions within the Telegram ecosystem, providing users with a quick and easy way to pay for services, access premium content, and support creators. The potential for widespread adoption of Toncoin within Telegram’s large user base underscores its growth prospects.

Key features:

  • Integration with Telegram: Users can create ads that are broadcast on various channels, using Toncoin for transactions.
  • Expanding Ecosystem: Telegram’s potential future features, like a marketplace, could further increase demand for Toncoin.

Potential for Growth: The integration of advertising and cryptocurrency within Telegram provides a powerful use case for Toncoin. As Telegram expands its features, the demand for Toncoin is likely to grow.

Glowing blue pulse trace analyzing healthcare data generated by artificial intelligence

5. Lido

Lido is a prominent player in the staking ecosystem, providing real staking solutions for digital assets. It is definitely the big thing. Staking is a process where cryptocurrency holders can earn rewards by participating in the network’s consensus mechanism. Lido simplifies this process, making it accessible to a broader audience and allowing more people to benefit from staking.

The staking market is huge and growing rapidly, as more investors seek to earn passive income from their digital assets. Lido’s role in this market, combined with its robust infrastructure and user-friendly platform, positions it well for significant growth. As the demand for staking solutions increases, Lido could see substantial returns, potentially achieving a 100x increase in value. Lido’s platform supports staking for various cryptocurrencies, offering users a diversified portfolio of staking opportunities. Its ability to attract and manage immense capital through staking services makes it a compelling investment opportunity. By providing a reliable and efficient way for users to earn rewards, Lido is positioned to become a leading player in the staking industry

Key features:

  • Liquid Staking Solutions: Lido allows users to stake their tokens while keeping them liquid for use in other DeFi applications.

  • Robust Infrastructure: Lido’s user-friendly platform and strong infrastructure support its staking services.

  • Growing Market: The demand for staking solutions is increasing, making Lido well-positioned for growth.

Potential for Growth: As more investors seek to earn passive income from their digital assets, Lido’s role in the staking market becomes increasingly important. Its ability to manage significant capital through staking services positions it for substantial returns .

6. Lee

Lee Token is the token of Cheelee. A GameFi short video platform where users can earn money by viewing and creating content, regardless of their number of subscribers. On average, users spend 2.5 hours each day on social networks without receiving any tangible rewards. 

Cheelee envisions an app used globally for entertainment, development, and earnings. Working within the “Attention Economy” framework. By integrating GameFi mechanics into its short video platform, allowing users to earn money by viewing and creating content. This gamified approach taps into the rapidly growing GameFi sector, which is attracting substantial investor interest and user engagement.

Cheelee’s dual-token system (CHEEL and LEE) is designed to support the platform’s economy and reward users. With a limited issuance cap and progressive mining difficulty, LEE’s value is poised to increase as more tokens are mined. The robust tokenomics ensure long-term sustainability and value appreciation. The team behind Cheelee has a proven track record in tech and finance, ensuring that the project is in capable hands. Their expertise in developing and scaling innovative platforms provides confidence in Cheelee’s ability to execute its vision and achieve substantial growth.

By joining Cheelee, users can start earning immediately without initial investment, integrate seamlessly into their existing social media usage, and benefit from developed mechanics ensuring altcoin value stability.

Cheelee’s ambassador and active user programs incentivize engagement and reward users with Digital Glasses, further driving platform adoption and retention. This community-driven approach fosters a loyal user base that contributes to the platform’s success.

Projects like Cheelee, which offer unique value propositions and innovative solutions, are well-positioned to capitalize on this bullrun and deliver exceptional returns

Key features:

  • Digital Glasses: Virtual glasses distinct in design and rarity, enabling users to earn coins through viewing.

  • CHEEL Coin: Used for in-game purchases and future voting on app features.
  • LEE Coin: The primary internal coin with a set issuance cap, earned by viewing content.
  • Attention Economy: Users are rewarded for their attention, converting it into income.
  • Earning Strategies: Various strategies based on the rarity of Digital Glasses and user engagement.

Final Thoughts

The actual cryptocurrency market presents a multitude of opportunities for discerning investors. Do you want any advice ? By focusing on emerging technologies like EarthMeta, evaluating project fundamentals, diversifying investments, and staying attuned to market trends, you can position yourself to capitalize on the next big thing. Remember, while the potential for high returns is alluring, it’s essential to approach cryptocurrency investment with a well-researched and balanced strategy.

Investing in cryptocurrencies can be highly rewarding but also involves a fair amount of risk. As the digital asset market continues to mature, identifying the next big cryptocurrency to explode requires a blend of strategic insight, market knowledge, and a bit of foresight. The year 2024 is expected to bring new opportunities for investors who are prepared to navigate this dynamic landscape.

One key factor in cryptocurrency investment is market timing. Bull runs, periods when the market experiences rapid price increases, offer the best opportunities for significant returns. However, these periods can be unpredictable, and recognizing the early signs of a bull market can be challenging. Staying informed about market trends and global economic factors that influence cryptocurrency prices is essential for making timely investment decisions.

Diversifying your portfolio is another essential strategy. Rather than putting all your resources into one project, spreading investments across various promising cryptocurrencies can mitigate risks and enhance potential returns. For example (and this is just an exemple) you can put 35% on Coin A, 25% on Coin B, 15% on Coin C, 15% on Coin D, and 10% on Coin E, or put 20% on each project. This approach not only reduces exposure to any single asset’s volatility but also allows investors to benefit from the growth of multiple projects.

Also, the cryptocurrency market is driven by innovation – You heard for sure about these new technologies coming : like the Metaverse, Artificial Intelligence, and decentralized finance are not just buzzwords; they represent the future of digital interactions and financial systems. Projects that successfully integrate these technologies are likely to attract significant attention and investment – and therefore, can be the next altcoin to get a huge reward !.

Don’t forget that a project’s success is often determined by its fundamentalsteam experience, technological innovation, and a clear, ambitious roadmap. You should look for projects with a strong foundation and the ability to execute their vision. Solid tokenomics, which refers to the economic model governing the token’s distribution and utility, is also important for long-term sustainability.

What is the principle of DYOR (Do Your Own Research) ?

“Do Your Own Research” (DYOR) is a cornerstone principle in the world of cryptocurrency investing, emphasizing the importance of personal diligence and independent analysis. Given the volatility and speculative nature of the cryptocurrency market, DYOR is not just recommended but essential for anyone looking to invest. Here, we will delve deeper into the various aspects of DYOR and provide comprehensive guidance on how to execute it effectively.

The Essence of DYOR

  • Empowerment Through Knowledge: DYOR empowers investors by providing them with the necessary information to make informed decisions. This reduces reliance on external opinions and mitigates the risk of falling for scams or hype-driven investments.

  • Risk Management: By understanding the intricacies of a project, investors can better assess the risks involved and develop strategies to manage them. This includes identifying potential red flags early on.

  • Building Confidence: Thorough research instills confidence in your investment choices, making it easier to hold through market fluctuations and stick to your investment strategy.

Foundational Understanding:

  • Learn the Basics: Start with the fundamentals of blockchain technology and cryptocurrency. Understand how blockchain works, what cryptocurrencies are, and the different types of digital assets.

  • Stay Updated: Follow reliable news sources, join forums like Reddit and Bitcointalk, and participate in community discussions to stay updated on the latest trends and developments.

Project Evaluation:

Whitepaper Analysis: The whitepaper is the project’s blueprint. It should outline the project’s purpose, technology, use case, tokenomics, roadmap, and team. Key sections to focus on include:

  • Problem Statement: What problem is the project solving?
  • Solution: How does the project propose to solve this problem?
  • Technology: What technology is being used? Is it innovative?
  • Tokenomics: How is the token distributed? What is the total supply?
  • Roadmap: What are the project’s future plans and milestones?
  • Team and Advisors: Investigate the team’s background and experience. A team with a proven track record in relevant fields is more likely to succeed. Look for transparent LinkedIn profiles, previous projects, and advisor endorsements.

Market Analysis:

Market Capitalization: This is a key indicator of a cryptocurrency’s size and potential. Market cap = current price x circulating supply.

Categorize cryptocurrencies into:

  • Large-cap: Over $10 billion. Lower risk, stable, but lower potential returns.

  • Mid-cap: Between $1 billion and $10 billion. Balanced risk and reward.

  • Small-cap: Under $1 billion. Higher risk but potentially higher returns and therefore potential for a x100 or more.

Trading Volume: High trading volume indicates strong market interest and liquidity, reducing the risk of price manipulation and making it easier to enter and exit positions.

Price History: Analyze historical price charts to understand past performance, volatility, and potential support and resistance levels.

Fundamental Analysis:

  • Use Case and Utility: Evaluate the real-world applications of the cryptocurrency. Does it solve a significant problem or offer a unique solution?

  • Technology and Innovation: Assess the technology behind the project. Is it groundbreaking or a slight improvement over existing solutions? Innovations that offer significant advantages over already existing competitors can drive long-term value.

  • Adoption and Partnerships: Look for evidence of adoption. Are there partnerships with established companies or institutions? High adoption rates and strategic partnerships can be strong indicators of a project’s viability.

Economic Model and Tokenomics:

  • Token Distribution: Understand how tokens are distributed. A fair and transparent distribution is crucial for long-term sustainability.

  • Inflation and Deflation: Analyze the token’s inflation or deflation mechanisms. How will new tokens be introduced or burned?

  • Staking and Rewards: Look into any staking mechanisms and the rewards offered. Sustainable and attractive staking rewards can incentivize long-term holding.

Tools and Resources for DYOR :

  • News Aggregators: Websites like CoinDesk, CoinTelegraph, and CryptoSlate provide up-to-date news and analysis.

  • Social Media: Twitter, Reddit, and Telegram are essential for real-time updates and community sentiment.

  • Blockchain Explorers: Tools like Etherscan and BscScan allow you to verify transactions, smart contracts, and token distribution.

  • Market Data Platforms: CoinMarketCap and CoinGecko offer comprehensive market data, including prices, volumes, and market caps.

  • Analytical Tools: Websites like Glassnode and CryptoQuant provide on-chain analytics that can give insights into market trends and investor behavior.

Common Pitfalls to Avoid :

  • Following Hype: Avoid making decisions based solely on hype or FOMO (Fear of Missing Out). Always back your decisions with solid research.
  • Overlooking Red Flags: Pay attention to warning signs such as anonymous teams, lack of transparency, and unrealistic promises.
  • Ignoring Market Sentiment: While it’s important to be independent, completely ignoring market sentiment can lead to missed opportunities or unexpected risks.
  • Neglecting Exit Strategies: Plan your exit strategy before investing. Know when to take profits or cut losses to avoid emotional decision-making during market volatility.

How to determine if a cryptocurrency is big or small ?

The size and potential of a cryptocurrency can be determined by examining various metrics:

Market Capitalization:

  • Large-cap: These are well-established cryptocurrencies with a market cap over $10 billion. Examples include Bitcoin (BTC) and Ethereum (ETH). They are typically considered lower risk.

  • Mid-cap: Cryptocurrencies with a market cap between $1 billion and $10 billion. These projects have a balance of potential growth and risk.

  • Small-cap: Cryptocurrencies with a market cap below $1 billion. These projects often have the highest growth potential but also carry the highest risk.

Circulating Supply vs. Total Supply:

  • Circulating Supply: The number of tokens currently available for trading in the market.
  • Total Supply: The maximum number of tokens that will ever be available.

A low circulating supply relative to the total supply can indicate potential inflation if many new tokens are released into the market.

Adoption and Usage:

Projects with high adoption rates and real-world usage are generally more stable and have a larger market cap.

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Is it time to buy? — TradingView News

TokenTalk Staff

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Meme Coin Price Drop Continues, Data Says - TradingView News

Solana-based altcoins and artificial intelligence (AI) coins have seen a surge in investment and price appreciation in recent months. Notable winners include io.net’s native token IO, which broke through the $5 mark and saw a substantial 50% increase just hours after a major listing announcement.

What drives investor interest in io.net?

The world’s largest cryptocurrency exchange, Binance, revealed that io.net will be added to various platforms, including Binance Simple Earn, Binance Convert, Binance Margin, Binance Futures and Binance Auto-Invest.

This listing news took IO to a record high of $5.99, making it one of the most profitable tokens among Solana-based tokens. However, the recent surge in IO’s price and investor interest begs the question: what is io.net and why are investors flocking to this token?

Basically, io.net aims to create a decentralized and globally accessible cloud computing network. This network reportedly provides cost-effective, flexible, permissionless access to computing capacity, specifically targeting the growing demand for GPU power driven by the rapid growth of AI applications.

One of io.net’s key propositions lies in addressing the challenges faced by traditional cloud computing infrastructures, including high costs, limited availability and long wait times.

io.net addresses these issues by aggregating GPUs from underutilized sources such as independent data centers and idle cryptocurrency mining companies. By leveraging these resources, io.net offers computing power at significantly reduced costs, up to 90% less than centralized providers.

IO token sales and economics

io.net leverages distributed computing libraries to facilitate parallel training. Training models on a single device often leads to bottlenecks due to CPU/GPU memory limitations.

However, io.net overcomes this challenge by orchestrating and batch training jobs across multiple devices, using data and model parallelism to improve training efficiency.

Additionally, io.net supports reinforcement learning (RL) workloads using an open source RL library. This feature easily enables the development and deployment of complex RL models, using a simple set of application programming interfaces (APIs).

Regarding token sales and economics, io.net has a strategy to ensure the stable and controlled distribution of tokens, promoting the long-term stability and growth of the ecosystem.

The initial supply circulating at the time of listing on Binance is 95,000,000 IO tokens, representing 19.00% of the Genesis supply. The maximum token supply is 800,000,000 IO tokens, with allocations for private sales, public launch, teams and advisors, and ecosystem treasury. Performance of Solana-based tokens

At the time of writing, the Solana-based IO token is trading at $5.67. It remains to be seen whether the current bullish trend will be sustained over time following the initial hype surrounding Binance’s listing.

Notably, the token quickly reached a market capitalization of $543 million, indicating a significant influx of investment into the newly launched IO token.

Apart from IO, another Solana-based token, dogwifhat (WIF), has also seen a recovery after a sharp correction last week. WIF regained the $2.68 level and recorded an uptrend of 6% over the past 24 hours.

In the case of Solana itself, the cryptocurrency is currently trading at $156, reflecting a 5.5% increase over 24 hours. However, the fifth largest cryptocurrency by market capitalization, at over $72 billion, has seen a price drop of nearly 10% over the past seven days.

Featured image from DALL-E, chart from TradingView.com

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AI-Linked Crypto Tokens Underperform as Apple Event Fails to Impress Traders

TokenTalk Staff

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AI-Linked Crypto Tokens Underperform as Apple Event Fails to Impress Traders
  • Apple shares fell nearly 2% as the tech giant unveiled its artificial intelligence plans at its annual developer event.

  • The rout rippled through AI-adjacent cryptocurrencies, which underperformed the broader digital asset market.

Artificial intelligence (AI) cryptocurrencies tumbled on Monday as tech giant Apple’s (AAPL) highly anticipated annual developer event failed to inspire traders.

Native Render Tokens (RNDR), Recover.ai (FET) and SingularityNET (AGIX) decreased by 3%-5% in the last 24 hours, while that of Bittensor TAO in the same period it fell by almost 6%. The Layer-1 Near Protocol {{NEAR}} network also fell 3.2%.

THE CoinDesk Processing Indexwhich includes tokens with AI-related utilities, was one of the worst-performing sectors among digital assets, losing 2.5% in market value on the day and underperforming bitcoin {{BTC}} and the broader digital asset benchmark CoinDesk 20 Index.

CoinDesk Market Index Sector Performance (CoinDesk)CoinDesk Market Index Sector Performance (CoinDesk)

CoinDesk Market Index Sector Performance (CoinDesk)

The decline came as there were high expectations for the tech giant to reveal its AI plans and how it would integrate AI into its offerings at this week’s Apple Worldwide Developers Conference (WWDC2024). The feat on Monday announced Apple Intelligence, a suite of AI capabilities for iPhone, Mac and other EA products Association with Sam Altman’s OpenAI to integrate ChatGPT into Apple software.

Apple shares, however, closed the trading session down nearly 2%, despite slight gains in the major U.S. stock indexes.

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