TGbtc – Crypto News

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  • 1 Top Cryptocurrency to Buy Before It Soars 1,600%, According to Chamath Palihapitiya

    Chamath Palihapitiya, the billionaire co-founder of the venture capital firm Social Capital, believes Bitcoin‘s (CRYPTO: BTC) price will hit $500,000 by late 2025. That’s a lofty price target, but it isn’t too surprising considering that Palihapitiya previously predicted Bitcoin’s price could eventually hit $1 million in the future.

    Bitcoin trades at about $58,000, so it would need to rally about 760% to hit $500,000 and more than 1,600% to reach $1 million. At $1 million, Bitcoin’s market cap would exceed $21 trillion, eclipsing physical gold’s current market cap of $17 trillion. It would also make Bitcoin more valuable than all of the Magnificent Seven companies combined.

    Image source: Getty Images.

    Does that bullish prediction make any sense? Let’s review Palihapitiya’s thesis and the other catalysts to see if Bitcoin can become the world’s most valuable asset.

    In 2011, Palihapitiya said he previously bought 100,000 Bitcoins at an average price of less than $100. In 2013, he said he still held $5 million in Bitcoin and would be willing to invest another $10 milion to $15 million in the cryptocurrency.

    But in a 2021 interview, Palihapitiya said he had spent 2,739 of those Bitcoins ($1.6 million at the time) on an empty plot of land near Lake Tahoe in 2014. That was a pretty bad deal, since those coins would be worth a whopping $159 milion today.

    In a conference call in 2020, Palihapitiya said Social Capital had bought Bitcoin throughout 2013, while it was still trading between $13 and $1,200. However, he has never disclosed exactly how much Bitcoin he or his firm actually own.

    Palihapitiya has stayed bullish on Bitcoin over the past few years. In early 2021, he declared that its price would reach $200,000 over the next five to 10 years. Later that year, he claimed Bitcoinhad “effectively replaced gold.”

    Earlier this year, Palihapitiya raised his near-term outlook to $500,000 by 2025 and reiterated his belief that it could eventually reach $1 million per coin. He believes two main catalysts will drive that rally: Bitcoin’s halving this April, which reduced the rewards for mining by half, and the increased adoption of Bitcoin as a reserve asset.

    Bitcoin’s halving occurs every four years, and it’s already happened four times. Palihapitiya points out that after each halving, Bitcoin’s price rallies to new highs as its supply tightens up and it attracts more attention from institutional investors.

    He says that if Bitcoin merely replicates its gains from after its third halving in 2020, it could reach $500,000 and $1 million. The approvals of the first 11 spot price Bitcoin exchange-traded funds (ETFs) this January could support that growth by making it even easier for retail and institutional investors to invest in Bitcoin. Meanwhile, the strength of the U.S. dollar, the devaluation of other currencies, and rampant inflation could drive more countries to adopt Bitcoin as a reserve asset. That’s how Bitcoin’s market cap might eventually match or surpass gold’s valuation.

  • Paris Hilton Launches Own NFTs, Selling for Over $1.11 Million

    Celebrity Paris Hilton has joined the non-fungible token (NFT) movement by launching her very own NFT collection.

    Paris Hilton has collaborated with designer Blake Kathryn to launch her own collection of NFTs. The series features three unique pieces.

    Two out of the three pieces offered multiple sales. “Hummingbird in my metaverse” and “Legend of love” both featured 11 editions for sale, with the “Iconic Crypto Queen” NFT only offers one edition.

    Both “Hummingbird in my metaverse” and “Legend of love” have sold out at $10,000 each, brining in $220,000 in sales for Hilton.

    Source: NiftyGateway

    Currently, the “Iconic crypto queen” auction is set to conclude on Sunday, with the current bidding sitting at $1.11 million.

    Hilton describes herself on her Nifty Gateway NFT bio as “an icon in every endeavor she’s pursued, from the original influencer to a wildly successful dj and innovative business woman.”

    Hilton further explains her journey into NFTs which she says began last year, with her charitable NFT titled “Cryptograph of Munchkin.”

    Hilton’s new series called Planet Paris is currently a huge success, with her latest set of NFTs set to rake in $1.5 million. Hilton states on her bio, “We hope it transports you to an ethereal moment of peace like it has for us.”

    NFT adoption continues to grow as celebrities, athletes, musicians and artists continue to offer their own NFTs to fans. Auction houses, such as Christies, have also begun to adopt the idea of auctioning of digital art.

  • History Says This Is What Comes Next After a Market Crash and When Stocks Might Recover

    With the stock market crashing, investors may be wondering where the market is heading from here and when stocks may recover.

    There have been several market crashes over the past 100 years, so let’s look what history has to say.

    The most recent market crash happened in March 2020, when the S&P 500 dropped 13.8% in two days on March 11 and 12. The cause of the crash was uncertainty over the COVID-19 pandemic and subsequent lockdowns.

    The market would bottom on March 23, with the S&P 500 declining by another 9.8%. The S&P’s total decline from peak to trough would be about 34%.

    This was a quick yet steep decline, with the market putting in a bottom in just over a month. A fast recovery also followed it, as the Federal Reserve acted quickly slashing interest rates to near zero and launching a quantitative easing program where it bought government bonds and other assets. The S&P returned to its pre-crash highs by mid-August of 2020, as the Fed showed how it can help stocks during a market crash.

    Amid the subprime mortgage crisis and the collapse of investment bank Lehman Brothers, the S&P 500 declined by 8.8% on Sept. 29, 2008. It later declined by about 20% the week of Oct. 6. The market would bottom a little over five months later in early March 2009.

    After the initial Sept. 29 plunge, the S&P 500 would plummet another 44%. In total, the S&P would lose more than half its value during the bear market. It would take over five years for the market to return to new highs. Once again, the Fed played a huge role in the market’s recovery, as it slashed interest rates to near zero percent and initiated a quantitative easing program that included purchases of mortgage-backed securities. The government also reacted with a fiscal stimulus package and injected capital into the banking system and other financial institutions through the Troubled Asset Relief Program (TARP). By the time the market bottomed, stock valuations had fallen quite a bit and were quite attractively priced.

    In the largest single-day decline in the U.S. stock market, the Dow Jones Industrial Average (DJIA), which was the benchmark index at the time, plunged 22.6% on Oct. 19, 1987. The large crash was attributed to stocks being overvalued as well as rampant speculation and the introduction of computer-based trading that would try to hedge portfolio losses by automatically selling futures when stock prices dropped. There was also a lot a leverage and margin debt at the time, and investors started to panic.

    The Dow would bounce around before finding a “second bottom” in early December. It would take nearly nearly two years for the Dow to reach new highs. The Fed once again acted quickly by injecting liquidity into the banking system to help stop further damage. However, while these actions helped the market from spiraling, valuations before the crash were high and investor confidence was shaken. As such, the crash essentially acted as a valuation reset for the market after a long bull market, and it took time for stock fundamentals to catch up to its past valuation. for the Dow to reach new highs.

    In late October, the Dow Jones nosedived about 23% over a two-day period. The crash was largely the result of speculation, high valuations, and investors buying stock on margin. In addition, the crash would kick-start the Great Depression, as banks collapsed and panic set in. Specifically, the Smoot-Hawley Tariff Act would only prolong this difficult period.

    The stock market crash, however, was just the beginning of a tough several years for investors. The Dow Jones Industrial Average would decline another 82% before hitting a bottom in July 1932. From peak to trough, the Dow’s overall decline was 89%. It would take about 25 years for the market to fully recover.

    Image source: Getty Images.

    Throwing out the extreme of the Great Depression, history suggests that after a market crash, stocks should bottom out in just a few months. Following the three modern-day market crashes, the markets all hit their bottoms in under six months, and for two of them, it was less than two months.

    A recovery to new highs is a bit more difficult to pin down. Following the COVID-19 crash, the market rallied quickly. Given that it was the government’s actions with tariffs and subsequent retaliatory tariffs that caused this most recent stock market crash, it seems like the bear market could be similarly short-lived if there is a change in course with the tariffs.

    President Donald Trump has proven to be unpredictable and whether the tariffs last a week or his whole term and beyond is a question mark. He has already paused the tariffs for 90 days for countries other than China.

    However, it is this unpredictability and quick decision reversals that make it difficult for companies to take actions. Many companies had previously started shifting their sourcing and manufacturing to other Asian countries such as Vietnam, only to see Trump initially look to hit those countries with huge tariffs as well. Meanwhile, reshoring would take years to accomplish and the U.S. likely doesn’t have the workforce to take on these jobs. This likely leaves most companies paralyzed in their actions just waiting to see what may happen next.

    The Fed, meanwhile, has played a big role in past market recoveries, but with this crash self inflected by government tariffs, and given the on-and-off nature of them, the central bank has also stayed on the sidelines. The whole lack of clarity and flip-flopping makes this one of the toughest market crashes for anyone to react to and make decisions.

    With history suggesting the market could drift lower over the next couple of months, one of the best strategies investors can deploy is waiting for further small dips and then buying into them. While pinpointing the market’s exact low is challenging, gradually allocating funds during market downturns over the next few months should optimize your returns when the market recovers.

    Another option is to dollar-cost average into an exchange-traded fund (ETF) such as the Vanguard S&P 500 ETF (NYSEMKT: VOO), which tracks the S&P 500. This could just entail investing a set amount every two weeks into the ETF.

    Bull markets typically see their best performance when they rally from the bottom. As such, you’d want to avoid picking a bottom, or you could miss out on the biggest part of the rally.

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    History Says This Is What Comes Next After a Market Crash and When Stocks Might Recover was originally published by The Motley Fool

  • Bitcoin Millionaire and Crypto Founder Found Dead with Gunshot Wound

    Dr. John Forsyth, a prominent figure in the crypto space and an emergency room doctor, was found dead on May 30th with a gunshot wound. He had been missing for a week after failing to show up for work at the Mercy Hospital in Cassville, Missouri. His unlocked car was discovered near the hospital with his belongings, including his wallet, passport, laptop, and work briefcase, inside. The police did not suspect any foul play in his death.

    Forsyth was the co-founder of ONFO coin, a referral-based cryptocurrency project based on “social mining”. He was also an early adopter of Bitcoin and a vocal critic of the U.S. dollar. In 2020, Forbes called him a “Bitcoin millionaire” who had a passion for mathematics and blockchain technology.

    Forsyth’s death is the latest in a series of mysterious fatalities among crypto enthusiasts and entrepreneurs. In April, Bob Lee, the creator of Cash App and former technology chief at Square, was stabbed to death in San Francisco. Last June, Mircea Popescu, a controversial Bitcoin billionaire, drowned in Costa Rica. Some speculate that their crypto fortunes may be lost forever without access to their private keys.

  • How to give people Bitcoin and other cryptos this holiday season

    Illustration: Rudzhan Nagiev (Getty Images)

    The holiday season is here, bringing with it the familiar question: what’s the perfect gift for loved ones? You might be surprised to learn that cryptocurrencies like Bitcoin, Ether, and others can be gifted to someone. By gifting cryptocurrency, you can introduce someone to the exciting world of digital assets, giving them not just a gift but also a potential investment and a chance to explore the future of finance.

    Here are some ways to give cryptocurrency as a gift.

    Illustration: drogatnev (Getty Images)

    You can send crypto to someone through crypto exchanges like Coinbase (COIN), Kraken, etc. To do so, you first need to have an account with the crypto exchange. Second, you need to have cryptocurrency to send as a gift. If you don’t have a specific cryptocurrency to gift, you’ll need to buy it from a crypto exchange and then transfer it to the recipient.

    Another important thing to know is that the recipient should also have an account with the same crypto exchange. Before making a transfer, it is important to know the recipient’s wallet address, which functions similarly to a bank account number. The wallet address consists of a series of alphanumeric characters. Once you have this address, you can send the cryptocurrency of your choice to your loved ones.

    Illustration: Andriy Onufriyenko (Getty Images)

    Various mobile applications, such as Venmo (PYPL) and PayPal, facilitate money transfers. In addition to traditional currency, these platforms support the transfer of certain cryptocurrencies, although not all. For example, Venmo supports Bitcoin, Ether, Litecoin, and Bitcoin Cash.

    The process of transferring cryptocurrency is similar to sending dollars, allowing you to send crypto to your loved ones easily. However, be aware that transaction fees may vary by app, which can increase if transactions take longer than expected.

    Illustration: treemouse (Getty Images)

    If you don’t have a crypto exchange or mobile app account, you can still gift cryptocurrency through crypto gift cards. Platforms like Binance offer this option, allowing you to share the gift of digital currency without needing a personal account.

    It’s important to do your research before purchasing a crypto gift card. Review the terms, conditions, and available cryptocurrencies, then select the amount you wish to gift.

    Illustration: Bychykhin_Olexandr (Getty Images)

    An alternative way to gift cryptocurrency is to send hardware wallets to your loved ones. Hardware wallets are devices that look like USB drives and can be purchased at retail shops or online. Once you obtain one, connect it to your computer, follow the instructions, and download the necessary software. You will be prompted to write down a 12- or 24-word seed phrase, which you should keep in a safe place. Seed phrases are similar to passwords for banking and must be stored securely.

    Next, buy the cryptocurrency you want to gift. After adding it to the hardware wallet, place it in a box. Record the seed phrase on a piece of paper and make a secure backup copy—this is crucial, as the recipient will need the seed phrase to access the gifted cryptocurrency. Finally, wrap the box in nice wrapping paper and present the crypto gift in person.

    Illustration: DancingMan (Getty Images)

    Another way to gift cryptocurrency is to download software wallets and create a crypto wallet. The most important step is to write down the seed or recovery phrase the wallet creates. You can write it on paper or save it on your computer. Next, purchase the cryptocurrency you want to gift and share the seed phrase along with the wallet information with the recipient.

    For the latest news, Facebook, Twitter and Instagram.

  • ‘Musk It’ meme coin from Elon Musk’s father brings scrutiny

    Elon Musk’s father — Errol Musk — has emerged as the latest public figure lending his name to a new meme coin, a category of cryptocurrencies known for their high volatility, low utility, and occasionally high returns.

    Over the past 24 hours, the “Musk It” meme coin has seen a trading volume of $5.8 million.

    Errol Musk’s new token features no involvement from his billionaire son Elon Musk, and currently holds a modest market capitalization of $29 million, according to CoinMarketCap.

    While Elon Musk has never released his own cryptocurrency — and he has no affiliation with the “Musk It” meme coin — the Tesla CEO has in the past regularly referenced Dogecoin, one of the world’s most famous meme coins, on his social media accounts. These references have included “Dogecoin Rulz” and “no highs, no lows, only Doge.” (Musk is now part of a temporary effort in the U.S. government named DOGE, or the Department of Government Efficiency).

    This has landed Musk in hot water, with the billionaire accused of pumping the Dogecoin meme coin in a high-profile $258 billion insider trading case. Last year, however, the lawsuit against the tech tycoon was dismissed by a judge, who said his tweets on Dogecoin were “aspirational and puffery, not factual and susceptible to being falsified.”

    Dogecoin is currently trading at a price of $0.26, according to CoinMarketCap.

    Meanwhile, his father’s Musk It meme coin was initially launched in December by an undisclosed Middle Eastern firm and is primarily being used to raise $200 million for Errol Musk’s think tank, the Musk Institute. It remains a small player compared to other high-profile tokens like Dogecoin, according to Cointelegraph.

    Earlier this month, the Trump family released their own pair of Solana-based memecoins: Trump and Melania. The value of both memecoins plunged dramatically after their public launch.

    “I’m not so sure ‘Musk It’ will hit the heights some Trump family meme coins have reached,” blockchain expert Anndy Lian told Cointelegraph. “It feels like Elon’s personal stamp is what really gets people excited about these projects… It seems like we’re all hungry for that next big hit in crypto, looking for something that could skyrocket overnight,” Lian added.

  • Bitcoin stabilises as Musk backlash spawns new crypto ‘stopelon’

    Cryptos recovered some of their earlier losses which had been triggered by Tesla’s Elon Musk. Photo: Reuters · POOL New / reuters

    Cryptocurrencies ticked up on Tuesday morning, recovering the losses from the weekend after Tesla (TSLA) chief Elon Musk sparked a sell-off.

    Meanwhile, a new cryptocurrency called Stopelon has been launched purely to limit Musk’s influence over the volatile market.

    Bitcoin was up (BTC-USD) 1%, trading at $45,005.418 (£31,708.12). Ethereum (ETH-USD) the second-biggest crypto by market cap, rose 0.9%, trading at $3,486.7922. Ripple (XRP-USD) was up more than 6%.

    Earlier, the price of bitcoin had crashed to its lowest level since the end of February.

    A Twitter account called CryptoWhale tweeted: “Bitcoiners are going to slap themselves next quarter when they find out Tesla dumped the rest of their holdings. With the amount of hate @elonmusk is getting, I wouldn’t blame him…”

    Musk responded with the word “indeed,” which caused bitcoin and other cryptocurrencies to plummet. However, later he clarified that the electric vehicle company had not sold any bitcoin.

    Bitcoin recovered some of its earlier losses. Chart: Yahoo Finance

    This was after he criticised bitcoin’s environmental impact last week and said Tesla would no longer accept the crypto as a form of payment. He also asked Twitter users if they would like the company to accept dogecoin (DOGE-USD), with a majority voting yes. The joke token was down 2% on Tuesday.

    Naeem Aslam, chief market analyst at Ava Tade, said: “Crypto prices are stabilising today as investors see the current sell-off as an opportunity to bag some bargains. Bitcoin is certainly oversold and it is approaching its 200 days simple moving average on the daily timeframe, which is a great opportunity.”

    Earlier, he had said the bitcoin sell-off was mainly due to Musk “but the reality is that bitcoin lost its upward momentum a long time ago.”

    Read more: Why Elon Musk’s bitcoin and dogecoin tweets don’t break rules

    “It was clear that bitcoin prices went too far, and a correction was due. This correction is taking place now, and it is likely that we may see the bitcoin price decline further.”

    “When combining fundamentals such as positive net inflows of bitcoin to exchanges… we can ignore what large egos and influencers say, and see that a pullback was bound to happen,” said Justin Chuh, senior trader at digital asset investment manager Wave Financial.

    “But we have to accept that those voices chirping around on social media aren’t helping and can actually make moves. This is healthy, but I think we all wish this didn’t happen.”

    Chuh isn’t the only one who doesn’t appreciate that Musk’s statements and tweets can have an instant and major impact on crypto prices.

  • Queste criptovalute hanno battuto il Bitcoin: le migliori del 2024

    Queste criptovalute hanno battuto il Bitcoin: le migliori del 2024

    Il panorama delle criptovalute ha registrato una notevole trasformazione nel 2024, con diverse monete che hanno attirato l’attenzione dei trader grazie ai loro guadagni vertiginosi.

    Sebbene il mercato abbia ampiamente raccolto i benefici della corsa record del Bitcoin (CRYPTO: BTC) oltre i 100.000 dollari, i rendimenti di molti asset hanno superato di gran lunga la criptovaluta principale.

    VIRTUAL, la criptovaluta nativa del Virtuals Protocol, ha lasciato nella polvere tutte le altre monete con un guadagno impressionante del 26.198% dall’inizio dell’anno.

    Il token ha toccato il massimo storico di 3,72 dollari domenica e ha registrato un guadagno del 127% nel corso del mese, facendo presagire un’ottima chiusura d’anno.

    Virtuals Protocol è una piattaforma decentralizzata che aiuta le interazioni virtuali attraverso i suoi prodotti IA e Metaverse.

    A seguire, le meme coin. La moneta parodia SPX6900, basata su Solana (CRYPTO: SOL), che chiede la creazione di un nuovo indice di borsa chiamato SPX6900, è esplosa del 10.795% su base annua.

    La criptovaluta Popcat, a tema felino, è stata il terzo miglior performer del mercato, con un enorme rendimento del 9473% per i suoi possessori nel corso dell’anno.

    La criptovaluta a tema felino Popcat è emersa come la terza maggiore guadagnatrice del mercato, regalando rendimenti enormi del 9.473% ai suoi detentori nell’arco dell’anno.

    Criptovaluta

    Guadagni dall’inizio dell’anno (YTD) in %

    Prezzo (ore 22:30 ET)

    Virtuals Protocol (VIRTUAL)

    +26.198,45%

    3,51 dollari

    SPX6900 (SPX)

    +10.795%

    0,9049 dollari

    Popcat (POPCAT)

    +9.473,60%

    0,7761 dollari

    Anche la rana Pepe (CRYPTO: PEPE) ha moltiplicato la ricchezza dei suoi investitori, con un’impennata del 1291% dall’inizio del 2024.

    Tra le criptovalute a grande capitalizzazione, Dogecoin (CRYPTO: DOGE) e XRP (CRYPTO: XRP) hanno rubato le luci della ribalta, con un’impennata rispettivamente del 255% e del 241%.

    Il Bitcoin ha registrato un’impennata del 121% nel 2024, grazie a una serie di importanti catalizzatori rialzisti, tra cui la quotazione dei fondi exchange-traded spot e la vittoria presidenziale di Donald Trump, favorevole alle criptovalute.

    Al contrario, Ethereum (CRYPTO: ETH) non è stato all’altezza, aumentando solo del 49%, nonostante i fattori scatenanti come l’approvazione degli ETF spot.

    La capitalizzazione totale del mercato delle criptovalute è quasi raddoppiata da 1,65 trilioni di dollari a 3,28 trilioni di dollari nel 2024, riflettendo la rinascita dopo un periodo difficile nel 2022 e 2023.

    Per ulteriori aggiornamenti su questo argomento, aggiungi Benzinga Italia ai tuoi preferiti oppure seguici sui nostri canali social: X e Facebook.

  • ‘Bitcoin Millionaire’ Found Dead a Week After Going Missing

    An ER doctor and crypto entrepreneur has been found dead in Arkansas—more than a week after he went missing in Missouri.

    Dr. John Forsyth was the founder of Onfo, which promised to offer users decentralized cryptocurrency that could be earned through network mining.

    And back in 2020, a Forbes profile named him as a “Bitcoin millionaire” who had found fortune as an early adopter during his math degree—holding on to his crypto through multiple halvings.

    Dr. Forsyth’s day job was working in the emergency room of Mercy Hospital in Cassville, Mo., but loved ones raised the alarm after he had failed to turn up for a shift on May 21.

    His younger brother Richard—who was also involved in Onfo—told The Daily Beast: “He wouldn’t miss a shift even if his eyeballs were hanging out of their sockets. It was an immediate red flag.”

    From ‘Bitcoin Billionaires’ to SEC Charges: A Brief Crypto History of the Winklevoss Twins

    Fears grew for the welfare of the 49-year-old, a father of seven, when his wallet, passport, and briefcase were found in his unlocked car near a 90-acre aquatic park. Dr. Forsyth’s cell phones were also abandoned inside an RV he often parked outside the hospital so he could be close to his patients.

    Searches by law enforcement had spanned a nine-mile radius—with loved ones desperately appealing for information on his whereabouts.

    South African Crypto Founders Vanish, $3.6 Billion Allegedly Missing

    “My brother has now been missing for a week. I’m grieving, I’m afraid, and it feels like the world has tipped into sheer chaos,” his sister Tiffany Andelin Forsyth wrote on Facebook on Monday. “I’m so afraid he’s just gone. Please don’t let this be how this ends. The hole that will leave in my life will be empty forever.”

    Dr. Forsyth’s brother said his divorce had recently been finalized and he was newly engaged. On Facebook, his fiancée described him as the love of her life.

    Richard added that—while he and his brother had “made some enemies” in the crypto space—nothing had seemed unusual in the run-up to his disappearance.

    Local media has reported that Forsyth’s body was discovered with an apparent gunshot wound in a lake in northwest Arkansas. The police are yet to provide further details on the circumstances surrounding Dr. Forsyth’s death—but say foul play does not appear to be a factor.

  • The Next New Cryptocurrency to explode in 2021 which rewards holders in Stable USDT Yield

    EverGrow Coin – Next Big Cryptocurrency

    Atlanta, US, Sept. 22, 2021 (GLOBE NEWSWIRE) — The crypto world is changing every day. We have seen many successful new cryptocurrencies exploding like DOGECOIN & SAFEMOON. The growth of the crypto market is providing ordinary investors with exponential returns and more unique opportunities to grow their wealth. SAFEMOON, which initiated with an initial supply of 777 trillion, and has a shallow market cap, is one of the most successful stories in the crypto world. An initial investment of $1,000 in SafeMoon would now have been worth around $3.5 million.

    In the series of crypto revolutions, EverGrow COIN aims to become the next big New Cryptocurrency in 2021 by being the first Yield Generation token that rewards its users in USDT. This next-generation hyper-deflationary new crypto uses a unique buyback mechanism that provides users with consistent returns and benefits from the contract’s buyback process.

    Why EverGrow Coin could be Next Big New Cryptocurrency to explode in 2021?

    8% Redistribution in USDT: With every Buy/Sell Transaction, EverGrow Coin redistributes 8% of the transaction to all the token holders directly in their wallets. This redistribution process is fully automatic, and each holder gets their share in proportion to the amount of EverGrow coins they hold. The Redistribution award is in addition to the benefits holders get from the increase in the Token prices on exchanges.

    3% Strategic Buy-Back Reserve: 3% of every transaction is sent to the strategic buyback reserve. After converting to BNB, these tokens are locked and stored in the EverGrow contract. The contract is designed so that the BNB in the Strategic Reserves cannot be withdrawn and can only be used to purchase and burn EverGrow COIN. The contract for the project contains two distinct BuyBack provisions:

    The first, Moonshot Buyback, is a colossal buyback that is deliberately executed at critical points in the market, resulting in a giant green candle on the chart, which could explode the Token prices. Moonshot is used when the chart is in desperate need of it. The AutoBoost Buy-Back System activates when Volume is low and modest purchases are made to discourage early sellers. This ensures a proper burn and that the price per token increases each time the buyback is enabled to make the New Cryptocurrency to explode.

    2% Added to Automatic Liquidity: To maintain liquidity, 2% of each buy and sell process is transferred to PancakeSwap. Being a BSC-based decentralized token exchange, PancakeSwap fixes low liquidity issues on Decentralised exchanges by using the liquidity pool concept. A liquidity pool always includes a pair of tradeable tokens, like $EverGrow and $BNB. This liquidity Pool fulfills all the Buy/Sell orders. The most significant advantage of LPs is that you don’t need to worry about whether or not you will find a partner that sees in EGC the same value as you, and your trades will always be executed successfully. Lastly, 1% of all transactions is dedicated to marketing for the ecosystem’s growth and reward the active community.

  • These 3 Cryptocurrencies Could Skyrocket in 2025

    If you’re looking for ways to diversify your crypto portfolio, you might want to look beyond just Bitcoin and Ethereum. While these two cryptocurrencies may get all the attention from investors, there are plenty of under-the-radar cryptocurrencies with the potential to skyrocket in value in 2025.

    In order to come up with a list of promising investment targets, I established a cut-off line of $5 billion in market cap. That limits the choice to just 30 different cryptocurrencies. I then whittled this list down to just three, based on their ability to outperform both Bitcoin and Ethereum in 2025.

    Are You Missing The Morning Scoop?  Breakfast News delivers it all in a quick, Foolish, and free daily newsletter. Sign Up For Free »

    While Solana (CRYPTO: SOL) has been around for several years, it’s just now tipping into the mainstream and attracting the attention of institutional investors. Solana now ranks among the top five cryptocurrencies in terms of market cap, and in terms of performance, it’s been keeping pace with Bitcoin this year. For the year, Bitcoin is up 143%, while Solana is up 140%.

    There’s now talk of Solana becoming the next cryptocurrency to get a spot ETF. If that happens, then the price of Solana could soar in 2025. As we saw with the example of the spot Bitcoin ETFs (and, to a lesser extent, with the spot Ethereum ETFs), the creation of an ETF investment product can lead to a wave of new money flowing into that cryptocurrency.

    Moreover, Solana appears to be hitting on all cylinders right now. It has emerged as the top rival to Ethereum, and arguably has more upside potential over the long haul than Ethereum. In part, that’s due to Solana’s ultra-low transaction fees and blazing-fast transaction processing speeds that leave Ethereum in the dust.

    Right now, Solana is seeing explosive new growth in the area of decentralized finance (DeFi). For the first time, Solana is now seeing more trading activity on its decentralized cryptocurrency exchanges than Ethereum. Moreover, an important performance metric that measures overall DeFi strength — Total Value Locked (TVL) — is growing rapidly.

    Bittensor (CRYPTO: TAO) is an open-source protocol that enables the creation of decentralized artificial intelligence (AI) networks. Thus, with Bittensor, you’re getting a crypto token that sits at the intersection of crypto and AI. That’s what could lead to explosive growth in 2025. As long as investors continue to embrace everything AI-related, Bittensor’s price should continue to soar. For the year, Bittensor is now up 154%.

  • China and Russia Settle Energy Trades in Bitcoin as U.S. Tariffs Reach 104% on Chinese Goods

    Bitcoin is increasingly being used in international trade, particularly by countries looking to avoid U.S.-controlled financial systems. Russia and China have reportedly used Bitcoin to settle energy transactions. Bolivia has announced plans to pay for imported electricity using cryptocurrency, and France’s EDF is considering Bitcoin mining with surplus power usually sent to Germany. These moves reflect a growing interest in using digital assets for cross-border trade as economic tensions continue to rise.

    On April 2, the Trump administration announced tariffs of up to 104% on Chinese imports. In response, China imposed retaliatory tariffs of up to 84% on U.S. goods, starting on April 10. The trade war has triggered instability in traditional markets, pushing investors to consider alternatives like Bitcoin and gold. Analysts say Bitcoin is attractive in this climate because it’s not tied to any government and can’t be manipulated like national currencies.

    Bitwise CEO Hunter Horsley explained that in times of uncertainty, investors want to avoid both U.S. and other nations’ assets due to fears of currency devaluation. He said Bitcoin offers a unique solution—it can’t be debased and is easy to access and control. VanEck’s Matthew Sigel added that Bitcoin is becoming more than just a speculative asset, with real-world use cases like international trade settlements starting to emerge.

    At the same time, the U.S. dollar is weakening, and foreign investors are pulling back from U.S. assets. Since January, the U.S. Dollar Index has dropped by 6.1%. In 2024, foreigners held about $62 trillion in U.S. assets, but that figure is now falling. China has also told state banks to reduce their dollar reserves, and Russia has long sought to conduct trade outside of U.S. systems.

    Nansen analyst Aurelie Barthere noted that gold remains the top safe-haven asset, but Bitcoin is starting to gain traction. She pointed out that the People’s Bank of China has been increasing its gold reserves while cutting U.S. Treasury holdings. This trend is likely to continue, regardless of how Bitcoin fits into the picture.

    Bitcoin’s response to recent jumps in U.S. Treasury yields has been muted, suggesting it’s becoming less tied to traditional market movements. Michaël van de Poppe from MN Consultancy said that if trade tensions ease, investors may return to riskier assets, including cryptocurrencies. Meanwhile, U.S.-listed spot Bitcoin ETPs saw net inflows of about $600 million in late March, showing continued institutional interest.

    Though gold remains the dominant safe-haven, VanEck’s Imaru Casanova said rising global risks could eventually make Bitcoin a stronger competitor, especially as economic and political uncertainty deepens worldwide.

  • The 3 Best Cheap Cryptos to Buy Now

    There are plenty of cryptocurrencies out there trading at relatively low prices. Indeed, finding sub-one-cent cryptos isn’t that hard. However, many investors question whether any of these cheap cryptos are worth buying when looking at low-valued tokens.

    Of course, some are, but most aren’t. In this market, quality demands a premium (or, at least, a less-discounted valuation). And given how high crypto prices ran during the last cycle, many may believe that these lower levels are necessary for a sustainable trajectory higher.

    Perhaps so. In any case, finding value ought to be the concern of all investors. Whether we’re talking stocks, bonds, or crypto, there’s usually value to be had in corners of the market.

    InvestorPlace – Stock Market News, Stock Advice & Trading Tips

    Here’s why I see potential in these three best cheap cryptos right now.

    A concept token for XRP with stacks of tokens in the background. XRP price predictions.

    Source: Shutterstock

    As far as best cheap cryptos are concerned, XRP (XRP-USD) has been on the list for some time. Despite a massive market capitalization of $24 billion at the time of writing, this token still trades around $0.48. Thus, for investors looking to buy “a thousand of something,” this is an option to consider.

    The thing is, XRP is a massive project that’s been around for a while. One of the “old guards” in this sector, XRP has focused on providing transactions at a fraction of a penny. By doing so, XRP targets institutional and corporate users looking to transfer money across borders.

    Additionally, XRP’s consensus mechanism is among the most efficient of its older peers. Thus, this is a project to consider for those concerned about sustainability and efficiency.

    Now, XRP certainly has its headwinds. This token was among the first to be labeled by the SEC as a security. Accordingly, with an ongoing legal case overhead, investors do have notable concerns.

    That said, should this case be resolved favorably (which many experts believe is the probable outcome), this is a token with some serious upside potential. Accordingly, this is one of the best cheap cryptos to buy that I think is worth putting on the watch list, at the very least.

    The Cardano logo and description on a smartphone.

    Source: Grey82 / Shutterstock.com

    A project I’ve been bullish on for some time, Cardano (ADA-USD), has undoubtedly been hit hard. This crypto winter has left no prisoners, and Cardano is no exception.

    That said, this is a cryptocurrency project with a significant catalyst worth discussing. For those who may not know, Cardano’s biggest upgrade ever just took place. 

  • Copper to Offer Custody Services for Tokenized Money Market Funds Such as BlackRock’s BUIDL

    • Copper is offering custody services for tokenized money market funds.

    • The crypto custodian recently received regulatory approvals from the Financial Services Regulatory Authority (FSRA) in Abu Dhabi.

    • The approval means the company’s clients can now use money market fund tokens as collateral in derivatives trades.

    Cryptocurrency firm Copper said it is now able to offer clients secure custody and trading of tokenized money market funds such as Blackrock’s BUIDL, the company said in a press release Wednesday.

    Copper clients can also use tokenized money market funds as collateral in derivatives trades, after the crypto custodian received regulatory approvals from the Financial Services Regulatory Authority (FSRA) in Abu Dhabi, the London-based company said.

    The company has signed new partnerships with key participants involved in tokenization, including Securitize, Franklin Templeton, Ondo and Hashnote. Securitize is the transfer agent and tokenization platform for Blackrock’s USD Institutional Digital Liquidity Fund, issued on the Ethereum blockchain and represented by the blockchain-based BUIDL token.

    Tokenized Treasuries are digital representations of U.S. government bonds and are at the forefront of the representation of real-world assets on blockchains, allowing them to be traded as tokens on networks such as Ethereum, Stellar, Solana and Mantle. Digital asset firms and TradFi heavyweights have been racing to put financial instruments such as government bonds, private credit and money market funds on blockchain rails, to achieve operational efficiencies and faster settlements.

    “If the Fed does end up keeping rates higher for longer, these tokenized money market funds could enhance returns for derivative market participants, who would be earning income from the collateral they post to counterparties,” Amar Kuchinad, Copper’s global CEO, said in emailed comments.

    The tokenized Treasury market has almost tripled in size this year, growing from $780 million in January to around $2.3 billion, according to data from rwa.xyz.

    Kuchinad, a former Securities and Exchange (SEC) adviser, replaced Dmitry Tokarev as global CEO last month.

    Read more: Crypto Custody Firm Copper’s CEO Dmitry Tokarev Plans to Step Down

  • What does FUD mean in stocks and crypto?

    Portions of this article were drafted using an in-house natural language generation platform. The article was reviewed, fact-checked and edited by our editorial staff.

    Fear, uncertainty and doubt (FUD) is a common tactic used to manipulate investor and consumer emotions. It can come in the form of rumors, adverse facts, false news stories or any other piece of information that a person or group can use to their advantage. For instance, short-sellers may use FUD to drive down the price of a stock.

    The phrase has been around for decades and the acronym has been popular since at least the 1970s. In recent years, it’s most often been heard in the cryptocurrency community.

    So, what is FUD? Here’s what FUD means in the context of investing in stocks and crypto and how to protect yourself from it.

    In the crypto market, FUD is particularly prevalent due to the newness of the digital asset and the potential for misunderstanding the underlying technology. Fear of security breaches, increasing regulations and rumors play a part too. These factors can lead to huge market swings as investors abandon their positions in response to negative headlines. For instance, in recent years the implosion of several exchanges and the high prevalence of fraud, such as rug pull schemes, have induced plenty of FUD.

    While FUD is common in the crypto market, the term was first used decades ago to represent the potential for investors to succumb to anxiety or pessimism that affects their decision-making. FUD is sometimes used to describe investor activity in the stock market, but it’s now more common in the acronym-heavy crypto community.

    Like in crypto, FUD in stocks can be spread through social media or mass media, and it can influence trading decisions. “Investors hate uncertainty, and along with fear or doubt, can prompt a wave of ‘sell first, and ask questions later.’ Especially turbulent times in financial markets can be chalked up to this, but at the same time it often proves to be an attractive buying opportunity for disciplined, long-term investors,” says Greg McBride, chief financial analyst for Bankrate.

    FUD may be spread in real life or on social media, but the fear of missing out (FOMO) is a different type of FUD. FOMO refers to the fear of not benefiting from something others are enjoying. For example, if a stock is soaring and investors are seeing big returns, a FOMO investor may fear that they are missing out and invest in the stock even though it may be overvalued. In the higher-volatility crypto market, FOMO is even more dangerous, as investors may feel like they are missing out on opportunities for quick gains.

  • If You Want to Become a Crypto Millionaire, Buy These 2 Cryptocurrencies Now

    According to the Crypto Wealth Report 2024 from Henley & Partners, there are 172,300 crypto millionaires in the world right now. That’s a 95% increase from a year earlier, so obviously, a growing number of people are becoming very wealthy from buying and holding crypto.

    But which cryptocurrencies are they buying? Based on the report’s findings, there appear to be two primary millionaire-maker cryptocurrencies: Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).

    Bitcoin accounts for nearly one-half of the total, with 85,400 millionaires. That’s a stunning increase of 111% on a year-over-year basis. And it gets even better than that, because there are also 156 Bitcoin centi-millionaires (those with wealth of $100 million or greater), as well as 11 Bitcoin billionaires.

    Image source: Getty Images.

    Henley & Partners attributes this sharp rise in the number of Bitcoin millionaires in 2024 to two key factors: the launch of the new spot Bitcoin ETFs at the start of the year and Bitcoin’s stunning climb to a new all-time high of $73,750 in the spring.

    Going forward, the new spot Bitcoin ETFs have the potential to be an enormous wealth creation tool as long as the price of Bitcoin continues to rise. Not that there’s anything magical about the ETF structure in and of itself. After all, ETFs have been around for more than 30 years. But what is “magical” about the new spot Bitcoin ETFs is the ability to buy and sell crypto as easily as you buy your favorite tech stock.

    The big question, of course, becomes: How much Bitcoin do you need to buy in order to become a crypto millionaire? The answer really depends on how high you think the price of Bitcoin is going to go. According to Cathie Wood of Ark Invest, for example, Bitcoin should hit a price of $1 million before 2030. If that admittedly aggressive prediction proves to come true, then you need to buy just a single Bitcoin today at a price of $56,000 and wait for it to appreciate in price over the next five years.

    Another potential millionaire-maker crypto is Ethereum, which the report called an “apex predator asset” and a “keystone asset.” That’s because Ethereum is at the center of everything that happens in the blockchain and crypto world. Unlike Bitcoin, which functions much more like digital gold, Ethereum has many everyday use cases that make it valuable, ranging from blockchain gaming and non-fungible tokens (NFTs) to decentralized finance (DeFi).

    Just like Bitcoin, Ethereum has been on a remarkable run over the past decade. Since its launch in July 2015, Ethereum has appreciated in price by nearly 2400x. Nine years ago, you could have purchased some Ethereum for your portfolio for less than $1 per coin. Flash forward to today, and the price of Ethereum is approximately $2,400.