Blockchain News - Page 52

Kitty Queen Coin Rallies 2,024% and Burns 40% of Supply on Launch Day, But Can It Challenge SHIB and DOGE?

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Shiba Inu (SHIB) and Dogecoin (DOGE) both delivered astronomical returns to early investors.

Kitty Queen Coin (KITQUE) has burned 40% of the 5 billion tokens that were minted, by transferring all tokens in the Raydium liquidity pool to a dead wallet.

Specifically, 2 billion KITQUE tokens were burned just around three hours after the memecoin began trading today.

This comes after Kitty Queen Coin’s price has rallied 2,024% in the last three hours, with it currently trading at $0.00002478.

Despite this impressive rally, KITQUE (contract address: F6LdtNP9zThSuCwdweAGqngC9XufhDfMYjFio3mWZT9e) currently has a market cap of just $120,000, meaning it still could easily rally another 7,000%-10,000% in the coming weeks and months.

Its market cap is forecast to hit at least $2 million by the end of April, meaning investors who buy in at the current price will generate approximately 1,600% returns within a couple of weeks.

KITQUE is one of the most exciting Solana memecoins to be released this month, and it does appear to have the potential to eventually challenge coins such as Shiba Inu (SHIB) and Dogecoin (DOGE).

SHIB and DOGE both generated massive returns for their early investors, as they surged and became mainstream.

It remains to be seen if KITQUE will be able to achieve a market cap of $100 million or over, but it certainly has plenty of potential to achieve a $5mn-$10mn market cap, so it’s not surprising that there is huge buying pressure on the token’s first day of launch.

Kitty Queen Coin is currently only available to trade on decentralized exchanges, such as Raydium and Jupiter, but it will be listed on several centralized exchanges later this month, providing another bullish catalyst which early investors will profit from.


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Kitty Queen Coin Surges 2,024% and Burns 40% of Supply – Will It Challenge SHIB and DOGE?

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Shiba Inu (SHIB) and Dogecoin (DOGE) both delivered astronomical returns to early investors.

Kitty Queen Coin (KITQUE) has burned 40% of the 5 billion tokens that were minted, by transferring all tokens in the Raydium liquidity pool to a dead wallet.

Specifically, 2 billion KITQUE tokens were burned just around three hours after the memecoin began trading today.

This comes after Kitty Queen Coin’s price has rallied 2,024% in the last three hours, with it currently trading at $0.00002478.

Despite this impressive rally, KITQUE (contract address: F6LdtNP9zThSuCwdweAGqngC9XufhDfMYjFio3mWZT9e) currently has a market cap of just $120,000, meaning it still could easily rally another 7,000%-10,000% in the coming weeks and months.

Its market cap is forecast to hit at least $2 million by the end of April, meaning investors who buy in at the current price will generate approximately 1,600% returns within a couple of weeks.

KITQUE is one of the most exciting Solana memecoins to be released this month, and it does appear to have the potential to eventually challenge coins such as Shiba Inu (SHIB) and Dogecoin (DOGE).

SHIB and DOGE both generated massive returns for their early investors, as they surged and became mainstream.

It remains to be seen if KITQUE will be able to achieve a market cap of $100 million or over, but it certainly has plenty of potential to achieve a $5mn-$10mn market cap, so it’s not surprising that there is huge buying pressure on the token’s first day of launch.

Kitty Queen Coin is currently only available to trade on decentralized exchanges, such as Raydium and Jupiter, but it will be listed on several centralized exchanges later this month, providing another bullish catalyst which early investors will profit from.


Discover the Crypto Intelligence Blockchain Council

Telegram Faces Security Scrutiny: Firm Denies Vulnerability Amidst Expert Claims of Risk to Desktop Users

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On April 9, a significant security risk for Telegram users was highlighted by the blockchain security firm CertiK, revealing a vulnerability that could lead to malicious attacks via the desktop version of the messaging app.

CertiK, through an alert on X (formerly Twitter), disclosed a “high-risk vulnerability in the wild” that could allow hackers to execute remote code execution (RCE) attacks through Telegram’s media processing.

This vulnerability, found specifically in the Telegram Desktop application, makes users susceptible to attacks through specially crafted media files, like images or videos.

CertiK’s findings have stirred concerns, prompting them to advise users to modify their Telegram Desktop settings to prevent automatic media file downloads.

This precaution involves disabling the auto-download for “Photos”, “Videos”, and “Files” within the app’s settings, specifically under the “Automatic Media Download” section for all types of chats.

Despite these claims, a Telegram spokesperson denied acknowledging any such vulnerability within Telegram clients.

The revelation of this vulnerability has brought attention to the ongoing security challenges faced by Telegram, especially given its popularity in the cryptocurrency community for its features that support communication, file sharing, and cryptocurrency transactions through its Wallet service.

This service, notably, opts for a custodial approach to managing users’ assets, differing from the conventional method where users control their private keys.

This isn’t the first time Telegram has been in the spotlight for security vulnerabilities.

READ MORE: PayPal USD Stablecoin Circulation Drops 39% in March Amid Crypto Market Rally

Previous instances include a 2023 discovery by a Google engineer of a bug in the macOS version of the app that could allow unauthorized access to a device’s camera and microphone, and a 2021 incident identified by a Shielder researcher involving modified animated stickers that could compromise user data.

Telegram’s response to such vulnerabilities has been proactive, with the platform’s bug bounty program, initiated in 2014, inviting developers and security researchers to report potential security issues in exchange for financial rewards.

The program aims to address and mitigate security concerns by leveraging the expertise of the wider security community.

However, despite Telegram’s efforts to secure its platform and the skepticism around the current vulnerability’s existence, the dialogue between security experts and Telegram continues, underscoring the complex landscape of digital security and the ongoing need for vigilance.


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Bonk Cryptocurrency Faces 4% Overnight Decline Amid Market Volatility

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In a surprising turn, Bonk (BONK) experienced a 4% decline overnight, igniting discussions around its market behavior and the possibility of buying during the dip. Currently, Bonk trades at $0.000023, following a 4.20% rise in the past day.

Its considerable trading volume places it at 71st on CoinMarketCap, boasting a market cap of $1.475 billion.

Bonk Price Prediction

A critical analysis reveals a pivot in Bonk’s market at $0.000021, signaling potential changes in investor sentiment. It faces resistance at $0.000024, $0.000026, and $0.000028, with support at $0.000020, $0.000018, and $0.000016.

The Relative Strength Index (RSI) of 44 indicates a balanced market, hinting at room for growth.

A noted double bottom pattern at $0.000021 and bullish candlestick formations suggest an increase in buyer interest. This optimism is supported by the 50-Day Exponential Moving Average (EMA) at $0.000024.

The synthesis of these indicators points to a bullish trend for Bonk, particularly if it maintains above $0.000021.

However, a fall below this mark could precipitate a notable price drop.

READ MORE: Meme Coins Surge as Market Cap Eyes $100 Billion: Dogecoin, Shiba Inu, and PEPE Lead the Bullish Charge

The dynamics between the RSI and 50 EMA suggest a burgeoning buying trend, underpinned by current chart patterns and price actions.

Despite Bonk’s optimistic outlook, market watchers are advised to stay vigilant of these pivotal price points and technical markers.

In the meantime, Slothana ($SLOTH), a new meme coin, merges the laid-back nature of sloths with the high-speed Solana blockchain, offering a fresh investment opportunity.

It aims to replicate the success of past meme coins, with the backing of the experienced Smog team and significant initial funding, positioning Slothana as a standout in the bustling meme coin arena.

“Slothana, crafted by the seasoned Smog team, aims to make a splash in the market, learning from past meme coin ventures like Slerf coin. With substantial initial funding, Slothana is set to stand out in the crowded meme coin space.”

Why Invest in Slothana?

Investing early in $SLOTH during the presale could lead to significant returns, leveraging the meme coin trend that has previously seen gains over 10,000%.


To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Kitty Queen Coin (KITQUE) Rallies 2,024% in 3 Hours and Burns 40% of Supply, But Can It Copy SHIB and DOGE?

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Shiba Inu (SHIB) and Dogecoin (DOGE) both delivered astronomical returns to early investors.

Kitty Queen Coin (KITQUE) has burned 40% of the 5 billion tokens that were minted, by transferring all tokens in the Raydium liquidity pool to a dead wallet.

Specifically, 2 billion KITQUE tokens were burned just around three hours after the memecoin began trading today.

This comes after Kitty Queen Coin’s price has rallied 2,024% in the last three hours, with it currently trading at $0.00002478.

Despite this impressive rally, KITQUE (contract address: F6LdtNP9zThSuCwdweAGqngC9XufhDfMYjFio3mWZT9e) currently has a market cap of just $120,000, meaning it still could easily rally another 7,000%-10,000% in the coming weeks and months.

Its market cap is forecast to hit at least $2 million by the end of April, meaning investors who buy in at the current price will generate approximately 1,600% returns within a couple of weeks.

KITQUE is one of the most exciting Solana memecoins to be released this month, and it does appear to have the potential to eventually challenge coins such as Shiba Inu (SHIB) and Dogecoin (DOGE).

SHIB and DOGE both generated massive returns for their early investors, as they surged and became mainstream.

It remains to be seen if KITQUE will be able to achieve a market cap of $100 million or over, but it certainly has plenty of potential to achieve a $5mn-$10mn market cap, so it’s not surprising that there is huge buying pressure on the token’s first day of launch.

Kitty Queen Coin is currently only available to trade on decentralized exchanges, such as Raydium and Jupiter, but it will be listed on several centralized exchanges later this month, providing another bullish catalyst which early investors will profit from.


Discover the Crypto Intelligence Blockchain Council

Bitcoin Slips Below $70,000 Amid ETF Outflows and Market Uncertainty, Traders Hold onto Targets

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On April 9, the buzz surrounding Bitcoin‘s weekly performance dimmed as its value dropped below $70,000.

Insights from Cointelegraph Markets Pro and TradingView highlighted a decline in Bitcoin’s price before the opening of Wall Street, hitting a low of $69,635 on Bitstamp, a 4.3% decrease from the day before.

This dip mirrored a hesitancy in the market’s short-term outlook.

The start of the week on Wall Street didn’t meet the expectations of Bitcoin enthusiasts. U.S.-based spot Bitcoin ETFs saw minimal capital inflow, and with a significant $300 million withdrawal from the Grayscale Bitcoin Trust (GBTC), the day ended in substantial net outflows.

Data from the UK investment company Farside indicated these outflows surpassed $200 million.

Analyst Mark Cullen highlighted the unusual market activity, noting the negative ETF flows despite Bitcoin’s previous gains.

Despite the day’s downturn, major ETFs like BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity Investments’ Wise Origin Bitcoin Fund (FBTC) managed to continue their streak of inflows.

READ MORE: Crypto Exchange Insurance Funds Swell by Over $1 Billion Amid Market Surge

Market observers had anticipated a positive turn in net flows following Genesis, a bankrupt cryptocurrency lender, announcing it had sold off billions in GBTC shares to purchase Bitcoin.

Commentator WhalePanda pointed out the day’s sluggish ETF activity, speculating on various factors including potential profit-taking and the upcoming U.S. tax deadline on April 15.

Amid these market movements, traders maintained their Bitcoin price targets. Crypto Ed, aiming for an $80,000 Bitcoin value, adjusted his immediate goal to $73,000 for continued growth.

Other traders like Jelle and a subsequent post proposed a breakout target of $82,000, suggesting a rebound to new highs if Bitcoin holds above $71,400.

Conversely, Credible Crypto expressed caution, predicting a possible dip to $60,000 or lower, consistent with his earlier analyses of market correction expectations.


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Pepe Coin’s Bullish Pennant Pattern Signals Potential Uptick Amidst Cryptocurrency Market Surge

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On Monday, the cryptocurrency market saw a notable surge led by Bitcoin’s recovery to $72,000, boosting the memecoin sector, including Dogecoin (DOGE), Shiba Inu (SHIB), Pepe Coin (PEPE), and Bonk.

These assets demonstrated significant gains, underscoring heightened investor interest amid the market’s uptrend.

Pepe Coin, in particular, has exhibited a sideways trading pattern for over a month, aligning with the bullish pennant pattern’s converging trendlines.

This setup, occurring above the 50% retracement level, suggests a robust retracement, enabling buyers to reclaim control of the asset.

On April 5th, Pepe Coin’s price rebounded from the pattern’s support trendline, climbing 20% to reach $0.0000076.

Should the market maintain its bullish momentum, the coin’s value could see an additional 8% increase, aiming for the overhead trendline at $0.0000082.

READ MORE: Meme Coins Surge as Market Cap Eyes $100 Billion: Dogecoin, Shiba Inu, and PEPE Lead the Bullish Charge

A successful breach of the pennant pattern would indicate a buyer’s market, potentially extending the recovery trend towards the initial target of $0.0000108, with further aspirations reaching $0.000013 and potentially $0.0000167.

Conversely, a drop below the lower support trendline could escalate selling pressure, potentially driving the Pepe Coin price down to $0.00000313, exacerbating the ongoing correction.

The Moving Average Convergence Divergence (MACD) analysis reveals that the MACD (blue) and Signal (orange) lines moving flat above the midline typically signal a beneficial pullback for buyers, offering them an opportunity to gather strength.

This indicator, along with the overall market’s bullish trend and Pepe Coin’s specific pattern dynamics, paints a complex picture of potential growth tempered by cautionary notes regarding possible downturns.


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Kitty Queen Coin (KITQUE) Set to Rally 5,500% in 7 Days as Cat Memecoins Challenge SHIB and DOGE

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Many investors made millions of dollars by investing in dog-themed coins like Shiba Inu (SHIB) and Dogecoin (DOGE) while their market caps were very low.

Kitty Queen Coin (KITQUE), a cat-themed Solana memecoin that was launched on 12 April, is set to deliver explosive gains to early investors.

KITQUE, which currently trades on decentralized exchanges like Raydium and Jupiter, has a maximum supply of 5 billion tokens and it has a market cap of around $9,000.

Kitty Queen Coin is currently trading at $0.00000184, after rallying 58% in the one hour since it was launched.

Its market cap is forecast to rally another 5,500% in the next seven days and breach the $500,000 mark.

This would allow early investors to turn a few hundred dollars into around $20,000 – and there would be plenty more explosive upside potential after that, with listings on centralized exchanges set to cause KITQUE’s market cap to blow past the $2mn-$4mn range in the short term.

As for Kitty Queen Coin’s long-term prospects, its ability to reach a market cap of $50 million or more will be dependent on how many investors flock to the project and choose to hold their tokens, instead of taking profits after generating 50x-200x returns.

Many experienced memecoin investors, including those who generated huge profits by investing early on in Shiba Inu (SHIB) and Dogecoin (DOGE), are set to pour funds into Kitty Queen Coin (contract address: F6LdtNP9zThSuCwdweAGqngC9XufhDfMYjFio3mWZT9e).

This is because this newly launched memecoin has much more potential for further growth than SHIB and DOGE, as those tokens already have market caps in the billions of dollars.

However, SHIB and DOGE still have room to surge 100%-300% during the next 6-12 months, so they are still potentially more lucrative than other, more traditional investments.


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FLOKI Cryptocurrency Hits $2 Billion Valuation Amid Speculation of Whale Accumulation

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The Floki Price Prediction has become a focal point in the cryptocurrency sphere as FLOKI’s market valuation reaches the impressive $2 billion mark.

This milestone has fueled discussions regarding potential large-scale investments in the token, which currently trades at $0.000210, having experienced a 2.52% increase within a single day.

This surge highlights its growing influence in the market.

FLOKI’s market position is further solidified by its substantial trading volume of $240.5 million, ranking it 57th on CoinMarketCap.

Its presence is bolstered by a circulating supply of over 9.5 trillion coins, despite the absence of a fixed total supply cap.

This significant market cap achievement prompts further speculation about FLOKI’s future direction and the nature of its investment landscape.

Regarding price forecasts, the critical pivot point for FLOKI stands at $0.00022, reflecting the market’s delicate balance.

Resistance levels at $0.00023, $0.00025, and $0.00028 suggest potential selling pressure points, while support levels at $0.00019, $0.00017, and $0.00015 indicate where buying might increase.

The Relative Strength Index (RSI) at 55 suggests a balanced market, neither overbought nor oversold, with the 50-day Exponential Moving Average (EMA) at $0.00021, highlighting the pivot point’s role in indicating short-term trends.

READ MORE: Crypto Exchange Insurance Funds Swell by Over $1 Billion Amid Market Surge

FLOKI’s visibility on social media, especially on Reddit and Twitter, significantly affects its market perception.

The introduction of a new program by TokenFi developers, designed to quadruple the purchasing power per wallet, along with FLOKI’s listing on the M2 Exchange, are pivotal developments aimed at expanding its investor base.

The current trend for FLOKI is bearish below the $0.00022 mark, but breaking past this could signal a shift towards a bullish market.

Investors are advised to keep a close watch on these crucial price levels and market news to navigate the volatile cryptocurrency environment effectively.

Simultaneously, the anticipation around Sponge V2’s launch on exchanges is palpable, marking a critical juncture for investors to tap into pre-listing benefits.

From its initial price of $0.000025, Sponge V2 has seen a staggering 7840.59% increase to $0.001960.

The opportunity to earn a 167% staking reward with Sponge V2 is drawing to a close with its impending exchange listing.

The token’s phenomenal growth and the strong backing of over $21.5 million in staked and bridged funds reflect the community’s confidence in its potential. Sponge V2 integrates the Play-to-Earn gaming model with lucrative staking rewards, urging investors to stake their $SPONGE for $SPONGEV2, offering an attractive 40% introductory APY.

With the transition to V2 nearing completion, the urgency for investors to leverage Sponge V2’s promising trajectory before it becomes publicly traded is emphasized.


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Solana Memecoins WIF and BONK Surge Amidst Crypto Market Uptick, Sparking Bullish Optimism

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In the recent upturn of the crypto market, two Solana-based meme coins, WIF and BONK, have stood out due to their remarkable price increases, signaling a bullish trend for both assets.

The WIF meme coin has exhibited a bullish reversal, notably breaching the $3 threshold and surpassing the overhead resistance trendline, leading to a significant 27% increase over a single weekend.

This surge pushed its value beyond the $4 level.

Although there was a slight retracement to $4.31, resulting in a 2.83% intraday decline, WIF’s value rebounded by 11.79% overnight.

This rapid recovery suggests a potential move towards the $5 mark in the near future.

On the other hand, BONK has shown an equally impressive bullish reversal starting from a low of $0.00002122, creating a descending triangle pattern on its 4-hour chart.

Despite facing a 2.34% drop after a 4% rise on Sunday, BONK’s price adjusted to $0.00002388.

However, the general market recovery fuels optimism for a breakout above the trendline, which could lead to an increase towards $0.000051.

A closer examination of the WIF and BONK price charts indicates that both meme coins are on the brink of further gains.

READ MORE: Whale Wallet Swallows 692 Billion SHIB Tokens from Crypto.com Amidst Market Speculation

WIF’s chart suggests a promising post-retest reversal aimed at the $5 benchmark, while BONK’s trajectory hints at an imminent trendline breakout, offering a promising entry point for traders targeting the $0.000051 level.

As the altcoin season progresses, meme coins such as WIF and BONK have become speculative yet potentially profitable investment avenues.

Traders, particularly those interested in short-term investments, are closely watching these coins, expecting additional rises driven by market sentiment and technical indicators.

In conclusion, the surge in WIF and BONK prices mirrors the broader crypto market’s optimism.

These Solana-based meme coins have garnered significant attention, leading investors and traders to approach with a cautious optimism.

As the market for digital assets continues to evolve, the movements of such meme coins are keenly observed, with the community ready for whatever comes next in this volatile sector.


To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

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