cryptocurrency market
Cryptocurrency market
Welch last addressed the public in a late-night X Spaces audio stream on the day of the December 4 launch of the $HAWK coin on the Solana blockchain, which reportedly soared to a $490 million market capitalization then fell 95 percent within minutes https://newcasinos-aus.org/. That day, she defended herself from allegations of insider trading, writing on X, her “team hasn’t sold one token.”
Welch and the team at overHere Ltd, which was responsible for creating the $HAWK coin, hopped on a Twitter Spaces stream on the night of the launch to try to explain what happened. It went…poorly. Crypto scam reporter and YouTuber Coffeezilla got on the mic and called out the creators for allegedly selling a sizable chunk of the tokens to insiders before launch while only releasing 3% to the public for trading as well as paying themselves high transaction fees. The result looked a lot like a rug pull that saw a bunch of Hawk Tuah fans left holding the bag.
$HAWK launched on December 4 at 5 pm EST. According to analysis from TRM Labs, it had an initial market capitalization of $490. Within a matter of hours, the value plummeted by 91% and the market cap dropped to $41.7 million. About 10 days later, the value of the token was essentially zero.
The call came to an abrupt end when Welch interrupted to say that she was going to bed, a sign-off that quickly became part of her meme lore, in part because she then vanished from public view. No new episodes of Talk Tuah were released, and Welch’s social media accounts went dark. Crypto traders enthusiastically speculated that Welch could be in serious legal trouble, joking that she would go straight “tuah” jail, or at the very least “talk tuah” judge. At least one investor filed a complaint with the Securities and Exchange Commission.
Cryptocurrency shiba inu
Though its adherents may point out that Shiba Inu-based NFTs are now available, and its Ethereum base and new Layer 2 blockchain should increase transaction speeds and scalability, as of Sep. 4, 2024, Shiba Inu has very limited utility and does not have a compelling use case other than allowing non-fungible token trading and limited gaming.
LEASH, or “Doge Killer”, was originally a rebase token pegged to dogecoin, where its supply was automatically adjusted by the protocol to keep its price in line with doge at a ratio of 1:1000. That is no longer the case today, as the rebasing algorithm was removed, meaning LEASH now acts as a store of value coin in the Shiba ecosystem with a limited supply of just 107,647 coins.
Shiba Inu is a cryptocurrency which, at its creation in 2021, had no use or value. By the end of 2023, it was being used by traders in large volumes to take advantage of microscopic price movements and used as a payment method. Shiba Inu is continuously being developed and improved by a dedicated community to have utility and use cases, so it is possible that it will remain one of the more popular cryptocurrencies on the market.
According to the team, the goal is to create a fun, immersive and interactive environment where users can explore, earn passive income and collect in-game resources. Importantly, the metaverse will allow users to develop and launch their own projects. In total, there are 100,595 plots of land on SHIB: The Metaverse. Of the total, 36,431 digital lands were unlocked on April 13, 2022 – the launch date of the introductory phase of the metaverse.
Thanks to its massive supply, a SHIB price of $0.01 would put its valuation, or market capitalization, at $10 trillion, close to that of gold. A price of $1.00 would give it a market cap of $1 quadrillion.
Cryptocurrency prices
CoinMarketCap biedt geen financieel advies of beleggingsadvies over welk(e) cryptocurrency, token of activum wel of geen goede belegging is, noch geven we advies over het juiste moment om te kopen of verkopen. We zijn strikt een bedrijf dat gegevens deelt.
The total crypto market volume over the last 24 hours is $83.5B. The total volume in DeFi is $5.9B, 7.01% of the total crypto volume. The volume for stablecoins is $56.7B, which is 67.86% of the total crypto market 24-hour volume.
Price volatility has long been one of the features of the cryptocurrency market. When asset prices move quickly in either direction and the market itself is relatively thin, it can sometimes be difficult to conduct transactions as might be needed. To overcome this problem, a new type of cryptocurrency tied in value to existing currencies — ranging from the U.S. dollar, other fiats or even other cryptocurrencies — arose. These new cryptocurrency are known as stablecoins, and they can be used for a multitude of purposes due to their stability.
In theory, it can be calculated by multiplying a coin’s current price by the total number of coins of its kind in circulation. If a coin is currently worth $100 and has a circulating supply of $30 million, we can get its crypto market cap by multiplying these two numbers—in this case, it’s $3 billion.
CoinMarketCap biedt geen financieel advies of beleggingsadvies over welk(e) cryptocurrency, token of activum wel of geen goede belegging is, noch geven we advies over het juiste moment om te kopen of verkopen. We zijn strikt een bedrijf dat gegevens deelt.
The total crypto market volume over the last 24 hours is $83.5B. The total volume in DeFi is $5.9B, 7.01% of the total crypto volume. The volume for stablecoins is $56.7B, which is 67.86% of the total crypto market 24-hour volume.
Pi network cryptocurrency
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
There are also questions surrounding Pi’s broader utility beyond its immediate community. While decentralized applications are emerging in the Pi Browser, many argue that without external adoption, the ecosystem’s social potential remains largely unrealized. Critics point to the lack of clear tools to engage businesses or support real-world commerce as a sign of a potential decline in momentum.
It’s important to note that Pi’s mainnet is currently enclosed, meaning its crypto coins can’t be transferred out of the network or traded on crypto exchanges yet. There are no PI coins in circulation at the moment. For this same reason, there is no actual Pi coin price, and any Pi price prediction will be purely predictive.
The network doesn’t need expensive mining equipment or high energy consumption. Instead, it uses a consensus mechanism based on member trust relationships. Users can mine Pi with just a smartphone, making cryptocurrency accessible to people regardless of their technical knowledge or financial resources.
The project’s success will depend on execution, regulatory clarity, and ecosystem maturity. But with its mobile-native design and focus on accessibility, Pi Network aims to become a foundational player in the next wave of blockchain adoption.
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