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Best Crypto to Buy in June 2024 – 12 Hidden Gems That Can Bring You 100X Bull Run Gains

SatoshiTimes Staff

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Best Crypto to Buy in June 2024 – 12 Hidden Gems That Can Bring You 100X Bull Run Gains

Bitcoin has seen its all-time-high (ATH) this year and all indicators are showing us that the next major cryptocurrency bull run is waiting for us right around the corner.

In fact, it could turn out to be the biggest bull run since the 2021 crypto market upswing.

There are many signals that pointed the market in this direction. For starters, Bitcoin went through another halving event earlier this year. 

Then we had a large number of institutional investments pouring into the cryptocurrency market share thanks to the BTC and ETHs exchange traded funds (ETF) approval.

Another reason behind the anticipated bull run is driven by the maturation of the cryptocurrency market, marked by advancements in infrastructure, security, and user adoption. 

Established cryptocurrencies like Bitcoin and Ethereum have solidified their roles, while new projects address specific challenges with innovative technology.

Last but not least, U.S fed rates were cut several times, which reignited interest in riskier markets like crypto.

Consequently, many large digital wallets were observed investing heavily into established cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) as these projects can reap substantial gains in the long run.

However, these whales also invested in some low market cap projects like PlayDoge ($PLAY), Wiener AI ($WAI), and several others. 

Why?

Well, smaller presale projects like these were historically the best investment option for 100X bull run gains.

All of this sounds great, and it is, but in order to make real life-changing profits in this market, favourable conditions won’t be enough. 

You’ll need to closely examine every project and look for the tell-tale signs of a 100X hidden gem. 

Some of the things that you should look at are: Team behind the project, virality of the narrative, and most importantly use cases and community backing.

But, with hundreds of projects being released every day, that’s much easier said than done. 

That’s why we did the heavy-lifting for you, and pinpointed several coins that are ticking all of the right boxes for 100X bull run profits.

Let’s dig a bit deeper…

12 Best Cryptos to Invest in For 100X Bull Run Gains – Quick Overview

Before diving deeper into these top cryptocurrencies to buy, let’s briefly outline their key features.

  • Shiba Inu – Leading Popular Meme Coin Primed for Even Bigger Heights
  • Cardano (ADA) – A Promising Crypto for 2024
  • Ethereum (ETH) – Poised for Growth with Upcoming ETF Approvals and Network Upgrades in 2024
  • Tether (USDT) – The Stablecoin Powerhouse

12 Best Cryptos to Invest in For 100X Bull Run Gains – Detailed Analysis 

We can finally move on to our list of high-potential altcoins for June 2024

PlayDoge ($PLAY) – The Best 100X Bull Run Investment

PlayDoge ($PLAY) stands out as a dog-themed meme hidden gem presale project in the crypto market for June 2024. 

This play-to-earn (P2E) token draws inspiration from the 90s Tamagotchi craze, allowing users to adopt and care for virtual Doge pets. 

Players earn $PLAY native tokens by feeding, training, and playing with their Doge pets, engaging in various mini-games and activities.

Built on the Binance Smart Chain, PlayDoge offers substantial staking rewards, with annual percentage yields (APYs) reaching up to 300% for early crypto investors. 

This high staking yield, combined with the engaging P2E model, positions PlayDoge as one of the best cryptos for a 100X bull run. The presale has already raised over $4.1 million, reflecting strong investor interest and confidence in the project’s potential.

The PlayDoge app, set to launch on both iOS and Android, aims to reach a global audience, enhancing accessibility and user engagement. 

The game also features a competitive leaderboard where top performers can earn bonus tokens and exclusive rewards. This multifaceted approach not only provides entertainment but also significant earning opportunities for players and investors alike.

As a meme coin with innovative P2E mechanics and substantial presale success, PlayDoge is poised to become a leading player in the crypto market. 

Its combination of fun, utility, and high earning potential makes it a top contender for those seeking hidden gem presale projects with the potential for massive returns in the next bull run​.

 BUY PLAYDOGE TOKENS NOW AND JOIN THE P2E REVOLUTION!

Wiener AI ($WAI) – AI-Trading Bot Mixed with a Funny Narrative

The next one on our list is Wiener AI ($WAI), a cutting-edge crypto project that combines the power of artificial intelligence with the dynamic world of meme coins.

Wiener AI leverages advanced AI technology to offer a unique trading volume bot application, designed to enhance predictive trading capabilities. This feature positions $WAI as another good crypto for a 100X bull run, especially for investors looking for innovative and tech-driven solutions in the crypto space​.

Launched on the Ethereum blockchain technology, Wiener AI’s tokenomics are robust, with a total supply of 69 billion tokens and 20.7 billion available during the presale. 

Investors can purchase $WAI using ETH, USDT, and BNB, making it accessible to a wide range of crypto enthusiasts. 

The AI trading bot, a core feature of the project, provides users with MEV (Maximal Extractable Value) bot protection, ensuring secure and efficient trading​.

One of the significant features of Wiener AI is its high staking rewards. Early investors can stake their $WAI tokens and earn generous APYs, which stand at over 316% during the presale. 

Wiener AI’s presale success, raising millions within a short period, reflects strong market confidence and interest. 

The project’s roadmap includes further development of its AI capabilities and expansion into various AI-driven services, applications, and protocols, enhancing its long-term value and utility in the crypto ecosystem.

For those looking for hidden gem presale projects with high growth potential, Wiener AI offers a healthy mix of AI innovation and substantial financial rewards, making it a top contender for the best crypto to invest in for 2024​.

INVEST IN WIENER AI’S AI TRADING BOT TODAY FOR MASSIVE RETURNS!

Sealana ($SEAL) – Top SOL-Based Meme Coin Poised For Serious Growth Upon the Next Bull Cycle

Sealana is a new and exciting addition to our list of the best cryptocurrencies to invest in right now. 

Built on the Solana blockchain, known for its impressive speed and scalability, Sealana features a whimsical, chubby seal character inspired by the “World of Warcraft Guy” from South Park.

Sealana is positioned to mimic the success of other Solana-based meme coins that have recently seen significant price hikes. 

Although it doesn’t offer direct utility tokens, its humorous and engaging concept appeals to both high-risk and low-risk investors. 

The project has successfully raised over $4 million in its presale, which will close in the next two weeks, offering investors a limited-time opportunity to buy in early. The visibility and adoption of Sealana are expected to increase once it lists on crypto exchanges.

The buzz around $SEAL is significant, with popular crypto YouTube channels like 99Bitcoins suggesting it could become the “next degen obsession.” 

Analysts are optimistic, predicting that Sealana could see its value soar up to 100 times, making it an attractive option for those seeking the best crypto investment choices.

Investing in SEAL tokens is straightforward. The presale widget on the project’s website supports payments via credit cards and major cryptocurrencies such as ETH, USDT, SOL, and USDC. 

After the presale, SEAL tokens will be airdropped to investors. For updates on future listings and more information, follow Sealana on X (formerly Twitter).

GRAB $SEAL TOKENS IN THE SEALANA PRESALE BEFORE IT’S TOO LATE!

Base Dawgz ($DAWGZ) – The Multi-Chain Meme Coin with Massive Staking Rewards

We move on to Base Dawgz ($DAWGZ), a project built on the Base blockchain. This innovative meme token offers multi-chain utility and staking rewards, making it a top contender among hidden gem presale projects with the potential for massive gains.

Base Dawgz combines the popular Doge theme with practical applications across multiple blockchains, including Ethereum, Solana, Binance, and Avalanche. 

Leveraging Web3 tools such as Portal Bridge and Wormhole technology, Base Dawgz aims to facilitate seamless interoperability between different blockchain ecosystems. 

This unique approach positions $DAWGZ as one of the best cryptos for a 100X bull run, appealing to both meme coin enthusiasts and serious investors​.

One of the key features of Base Dawgz is its staking mechanism, which encourages long-term holding by offering regular annual rewards. 

Approximately 20% of the entire 8.453 billion token supply is allocated for staking rewards, with an additional 15% reserved for community rewards. These rewards are distributed to users who actively promote the project on social media, enhancing community engagement and project visibility​.

During its presale, Base Dawgz tokens are priced at $0.00502 each, and the project has already raised $1 million within just a few days. 

This early success reflects strong investor confidence and interest in the project’s potential. 

Investors can purchase $DAWGZ using ETH, USDC, SOL, AVAX, and BNB, providing flexible payment options for a diverse range of investors​.

For those looking for the best crypto to invest in June 2024, Base Dawgz offers a compelling opportunity with its multi-chain utility, robust staking rewards, and strong community support. 

Stay updated on the latest developments by following Base Dawgz on their official channels and participating in their active Telegram community.

BUY $DAWGZ – THE MULTI-CHAIN MEME COIN WITH HUGE STAKING REWARDS!

Mega Dice ($DICE) – The Gaming Crypto Offering High Staking Rewards and Profit-Sharing for June 2024

Moving on from meme coins a bit, we come to Mega Dice ($DICE) a project in the gaming sector. 

This crypto token is associated with a well-established online gaming platform, offering unique investment opportunities and substantial passive income potential.

Mega Dice leverages the Solana blockchain to provide fast and secure transactions, ensuring a seamless user experience. 

The $DICE token allows holders to participate in profit-sharing from the platform’s earnings, offering daily bonuses and high staking yields. With over 50,000 active players and significant monthly activity, the platform’s success directly benefits $DICE token holders through profit distribution​.

Investors can acquire $DICE tokens during the presale using ETH, USDT, or BNB, gaining access to the token at a lower price before it lists on major exchanges. 

Early investors also have the opportunity to earn limited edition NFTs and early bird bonuses. This presale strategy not only boosts initial funding but also builds a loyal community eager to see the project’s success​.

Mega Dice’s combination of a functioning gaming platform, high staking rewards, and profit-sharing makes it an attractive option for those looking to invest in the best crypto projects. 

The project’s innovative approach to integrating cryptocurrency with online gaming and its potential for massive returns make $DICE a compelling investment in June 2024. 

Stay informed about the latest updates by following Mega Dice on their official channels and joining their active Telegram community​

GET IN EARLY ON THE MEGA DICE PRESALE FOR GAMING PROFITS!

99 Bitcoins ($99BTC) – Platform With a Learn-to-Earn Mechanism

Navigating the intricate world of crypto requires both knowledge and strategy, and 99Bitcoins has now made this journey even more rewarding with the launch of $99BTC, a learn-to-earn token that redefines traditional learning models.

$99BTC operates on a unique premise: users earn tokens by actively engaging with educational content, quizzes, and community activities centered around crypto space. 

This model turns learning into an interactive and profitable experience, motivating users to deepen their understanding of crypto while earning rewards.

Initially launched as an ERC-20 token on the Ethereum blockchain, $99BTC plans to transition to the BRC-20 standard on Bitcoin’s blockchain. 

With a total supply of 99 billion tokens, the presale has successfully raised $2 million, offering tokens at an enticing price of $0.00108 each.

The tokenomics of $99BTC are designed to promote long-term engagement. Fourteen percent of the total supply is allocated for staking rewards, incentivizing users to hold and participate actively. 

Additionally, 17% is earmarked for community rewards, ensuring that those who contribute to the platform’s success are duly compensated.

99Bitcoins’ roadmap includes listing $99BTC on decentralized crypto exchanges (DEXs) and launching the beta version of its learn-to-earn platform by the end of the year. 

The project’s strength lies in the established reputation of 99Bitcoins and the dual benefit of its token, which combines education with potential financial gains.

By merging learning and earning, $99BTC aims to bridge the gap between educational empowerment and financial opportunity in the digital asset space. 

BUY 99BITCOINS AND EARN WHILE YOU LEARN WITH $99BTC!

Sponge V2 ($SPONGEV2) – The Play-to-Earn Meme Coin with Massive Potential for June 2024

The next one on our list is Sponge V2 ($SPONGE), a revitalized and innovative meme coin project that promises significant returns. Building on the success of its predecessor, Sponge V1, which achieved a $100 million market cap during the 2023 meme coin mania, Sponge V2 is designed to offer even greater opportunities for growth and investor engagement.

Sponge V2 created their own play-to-earn (P2E) model, introducing a new racing game where players can earn $SPONGE tokens through gameplay. 

This integration of gaming into the ecosystem not only provides entertainment but also creates a steady demand for the token, enhancing its utility and value. 

This innovative approach is expected to drive substantial interest and participation in the project, making it one of the best cryptos to buy for a potential 100X gain in the upcoming bull run​.

The tokenomics of Sponge V2 are designed to support long-term growth and stability. Investors can acquire $SPONGE by staking Sponge V1 tokens on its dedicated platform, ensuring a smooth transition and continued engagement from the existing community. 

Sponge V2 is also positioned for major exchange listings, aiming for platforms like Binance and OKX.

These listings could significantly increase the token’s visibility and accessibility. Additionally, the project’s active social media presence, with over 23,000 followers on X  and a vibrant Telegram community, underscores its strong community support and engagement.

Check it out now, and invest in it while you still can.

INVEST IN SPONGE V2 FOR SIGNIFICANT STAKING RETURNS NOW!

eTukTuk ($TUK) – Pioneering Sustainable Urban Transport with Electric Vehicles and Crypto Integration

If you’ve ever wandered through the busy streets of major cities in Asia or Africa, you’re likely familiar with tuk-tuks. 

These vehicles are as integral to the urban landscape as New York’s yellow cabs, transporting millions daily. However, their convenience comes at an environmental cost due to high emissions.

Enter eTukTuk, an innovative green crypto project aiming to transform the 270-million-strong tuk-tuk industry by introducing sustainable electric alternatives. 

eTukTuk’s mission is to reduce the carbon footprint in regions where these vehicles dominate by replacing traditional gas-powered tuk-tuks with eco-friendly electric versions.

But eTukTuk’s vision goes beyond just swapping engines. The project is developing a crypto-powered ecosystem around its electric fleet, including solar-powered charging stations strategically located in urban and suburban areas for maximum efficiency. 

Additionally, optimized routes and user incentives will be managed through the native $TUK token, which powers the platform’s payments.

Adding an element of fun, eTukTuk is launching Crazy Tuk Tuk Taxi, a mobile game inspired by the classic Crazy Taxi. Players can take on the role of a tuk-tuk driver, navigating through vibrant city streets and earning $TUK tokens as rewards for their driving skills.

Currently, $TUK tokens are available for $0.033 each in the early stages of the presale. As with any investment, it’s important to conduct thorough research and understand the associated risks. 

However, for those looking to align their investments with a more sustainable future, eTukTuk offers a promising opportunity to support environmental initiatives while potentially profiting.

JOIN THE eTUKTUK PRESALE AND DRIVE THE FUTURE OF SUSTAINABLE TRANSPORT!

Uniswap ($UNI) – Riding the Surge – Why This DeFi Token is Poised for Major Gains in the Next Bull Run

Uniswap (UNI), the governance token of the decentralized exchange Uniswap, has recently shown significant upward momentum, outperforming many top altcoins. 

Over the past 24 hours, UNI fell by 2%, bringing its current price to $9.91. Although the weekly figures remain in the red, this recent crypto sentiment has rekindled enthusiasm within the community, fostering renewed interest and speculation about UNI surpassing the $10 mark soon.

UNI’s 10% decline over the past week aligns with the current overall market trend. 

As Uniswap continues to innovate and expand its offerings, the platform’s robust user base and decentralized nature make UNI a compelling asset. 

The decentralized exchange has played a pivotal role in the growth of decentralized finance (DeFi), providing a seamless platform for crypto trading ERC-20 tokens without intermediaries.

Uniswap’s success is underpinned by its automated market maker (AMM) model, which enables users to trade tokens directly from their crypto wallets. 

This model has democratized access to liquidity and trading, allowing anyone to become a liquidity provider and earn trading fees. The platform’s continued upgrades and user-friendly interface further enhance its appeal.

Shiba Inu – Leading Popular Meme Coin Primed for Even Bigger Heights

Shiba Inu (SHIB) is one of the most important projects in the market, especially among meme coins. 

As of June 2024, SHIB is trading around $0.00002147. The price has fluctuated recently, reflecting broader market trends, particularly following U.S. job data that influenced overall market sentiment​.

Shiba Inu has been working on expanding its ecosystem beyond just being a meme coin. The Shiba Inu ecosystem includes ShibaSwap, a decentralized exchange (DEX), and Shibarium, a layer 2 protocol aimed at reducing transaction costs and increasing throughput. 

Additionally, the team is developing SHI, an algorithmic stablecoin pegged to one cent, which aims to be a global medium of exchange​.

The community behind Shiba Inu, known as the SHIB Army, has been instrumental in its growth, pushing for broader adoption and utility. 

This community-driven approach has led to SHIB being accepted by over 500 merchants globally and integrated into various payment platforms like BitPay and Newegg.

Current price predictions for Shiba Inu in 2024 suggest potential volatility but also significant growth opportunities. 

Analysts forecast that SHIB could reach as high as $0.0000467 by the end of the year, driven by factors such as the upcoming bull run and improvements in the Shiba Inu ecosystem​.

For those looking to invest in a meme coin with a robust community and ongoing development, Shiba Inu presents an intriguing opportunity, especially if the broader crypto market enters another bull run.

Cardano (ADA) – A Promising Crypto for 2024

Cardano (ADA) has been a significant player in the crypto market, and its prospects for 2024 look promising. Currently, ADA is trading around $0.42, with predictions suggesting a potential rise to $0.60 by the end of the year​​. 

This growth is attributed to several key developments and the overall bullish sentiment in the crypto market.

A major highlight for Cardano in 2024 is the upcoming Chang hard fork, which will enhance the network’s governance capabilities. 

This upgrade is expected to boost community engagement and drive further adoption of the Cardano blockchain​. 

Additionally, improvements to the Plutus smart contract platform will allow developers to port Ethereum-based contracts to Cardano, increasing its utility and appeal​.

Cardano’s commitment to interoperability is another factor that positions it well for growth. Plans to integrate with other blockchain ecosystems are set to attract more developers and expand the range of decentralized applications (dApps) on the network​. 

Despite some regulatory challenges, with ADA being labeled as a security by the SEC, the Cardano community remains optimistic. The development team and community leaders are actively addressing these concerns, aiming to clarify ADA’s status and ensure its continued growth.

Ethereum (ETH) – Poised for Growth with Ethereum ETF Approvals and Network Upgrades in 2024

Ethereum, the second-largest cryptocurrency by market capitalization, remains a cornerstone of the decentralized finance (DeFi) ecosystem. 

As of June 2024, Ethereum is trading around $3,354.98, with projections suggesting upside potential growth to $5K by the end of the year. 

This anticipated increase is fueled by the recent approval of Ethereum exchange-traded funds (ETFs), which has yet to be fully priced into the market.

The transition to Ethereum 2.0 continues to enhance the network’s scalability and efficiency. By moving from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism, Ethereum has significantly reduced its energy consumption while increasing transaction throughput. 

These improvements make the Ethereum network more appealing to developers and users alike.

Ethereum’s ecosystem supports a wide array of decentralized applications (dApps) and non-fungible tokens (NFTs), reinforcing its position as a leader in blockchain innovation. 

In summary, Ethereum presents a compelling investment opportunity due to its established infrastructure, continuous network upgrades, and growing adoption. 

As the crypto market prepares for another potential bull run, Ethereum’s strong fundamentals and significant market presence make it a key player to watch.

Tether (USDT): The Stablecoin Powerhouse

As of 2024, Tether has demonstrated significant financial strength, reporting a record net profit of $4.52 billion in the first quarter. This profit is largely attributed to its strategic holdings in U.S. Treasury bills, Bitcoin, and gold.

Tether’s reserves are backed by 90% cash and cash equivalents, ensuring robust liquidity. As of March 31, 2024, Tether’s reserves amounted to over $110 billion, with liabilities totaling approximately $104 billion. This gives Tether a net equity of $6.26 billion, underscoring its financial stability and the efficacy of its reserve management.

The stablecoin has seen substantial issuance, with over $12.5 billion in USDT native tokens issued in the first quarter alone. Tether’s strategic investments, including a notable $18.75 million in the XREX Group, highlight its commitment to innovation and financial inclusion, particularly in emerging markets.

Moreover, Tether has become one of the top holders of U.S. Treasuries, reflecting its significant role in global financial markets. Its strategic positioning allows it to support the U.S. dollar’s global dominance and provide financial stability amid growing demand for dollar-denominated digital crypto assets.

For investors and users, Tether offers a stable and reliable option for trading, cross-border transactions, and as a hedge against market volatility.

 

Conclusion

The momentum for 100x bull run gains is here.

The combination of Bitcoin’s recent halving, the approval of ETH and BTC ETFs, and significant institutional investments all point to a bullish market trajectory. 

The maturing crypto market, with its advanced infrastructure and increased user adoption, further bolsters this optimistic outlook.

However, to truly capitalize on these favorable conditions, it’s crucial to identify and invest in projects that offer the most potential for exponential returns. 

Established giants like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) remain solid choices, but the real game-changers often lie in smaller, innovative projects that are still in their presale phases. 

These hidden gems, such as PlayDoge ($PLAY), Wiener AI ($WAI), Sealana ($SEAL), Base Dawgz ($DAWGZ), Mega Dice ($DICE), and others, have shown promising signs of delivering 100X returns.

Each of these projects stands out due to its unique value proposition, strong community backing, and robust tokenomics. All of them will most likely see their all-time-high (ATH) this year.

From play-to-earn models and AI-driven trading bots to sustainable urban transport solutions and engaging meme crypto coins, these popular cryptocurrencies are not only innovative but also have the potential to attract significant investor interest as the market heats up.

As the next bull run approaches, now is the time to act. 

 

FAQ

What are the best cryptocurrencies to invest in for June 2024?

Investing in cryptocurrencies can be highly profitable, especially during a bull run. For June 2024, some of the best cryptocurrencies to consider are:

  • Bitcoin (BTC): The original cryptocurrency, often considered a safe bet due to its market dominance and widespread adoption.
  • Ethereum (ETH): Known for its smart contract capabilities and DeFi ecosystem, Ethereum is poised for growth with upcoming ETF approvals.
  • PlayDoge ($PLAY): A play-to-earn token with significant staking rewards and a strong presale performance.
  • Wiener AI ($WAI): Combines AI technology with meme coin dynamics, offering innovative trading solutions and high staking returns.
  • Sealana ($SEAL): A SOL-based meme coin with a humorous concept and significant presale success.

Why are smaller presale projects considered the best investment option for a 100X bull run?

Smaller presale projects are often considered the best investment option for massive returns due to their low initial market capitalization and high growth potential. 

These projects are usually in their early stages, which means investors can buy tokens at a lower price before they are listed on major exchanges. Historical data shows that early investments in promising presale projects can yield significant returns, especially during a bull run.

How does the maturation of the cryptocurrency market influence investment opportunities?

The maturation of the cryptocurrency market enhances investment opportunities by providing a more robust infrastructure, improved security, and increased user adoption. 

Established cryptocurrencies like Bitcoin and Ethereum have solidified their roles, making them more reliable investment options. 

Additionally, the market’s growth encourages the development of new projects that address specific challenges with innovative technology, offering investors a diverse range of opportunities.

What is the significance of Bitcoin’s halving event for the crypto market?

Bitcoin’s halving event, which occurs approximately every four years, reduces the reward for mining new blocks by half. 

This reduction in supply typically leads to Bitcoin’s price increase due to its scarcity. Historical data shows that Bitcoin’s current price tends to surge following a halving event, which often triggers a broader market rally, benefiting other cryptocurrencies as well.

How do ETF approvals for Bitcoin and Ethereum impact the market?

The approval of exchange-traded funds (ETFs) for Bitcoin and Ethereum is a significant milestone for the crypto market. They are approved by the U.S. Securities and Exchange Commission (SEC). ETFs provide a regulated and accessible way for institutional and retail investors to gain exposure to cryptocurrencies without directly holding them. 

This increased accessibility can lead to a surge in demand and investment, driving up the token prices of these cryptocurrencies and positively impacting the broader market.

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We are the editorial team of SatoshiTimes, 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 SatoshiTimes, 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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US Cryptocurrency Rules Delayed by ‘Never-Ending’ Lawsuits

SatoshiTimes Staff

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Ripple Pledges $25 Million Per Year to Crypto Super PAC

Ripple CEO says cryptocurrency industry still seeking regulatory clarity from US

Speaking to Bloomberg News on Wednesday (July 17), Author: Brad Garlinghouse he said America is behind behind other countries which have already adopted cryptocurrency regulations.

“What we’re seeing, where it’s the UK, Japan, Singapore… even the European Union, more than two dozen countries have come together to provide a framework for cryptocurrency regulation,” Garlinghouse said.

“It’s frustrating that we as a country can’t get that regulatory framework in place. And instead, we have this never-ending lawsuit coming from the SEC that doesn’t really address the problem.”

Ripple has been the target of some of these legal disputes. Securities and Exchange Commission (SEC) sued the company in 2020, accusing it of conducting a $1.3 billion operation offering of unregistered securities tied to its XRP token.

However, last year a judge ruled that only Ripple’s institutional sales of XRP, not retail sales, violated the law, a decision widely seen as a victory for the cryptocurrency industry.

As PYMNTS noted at the time, that ruling has “far-reaching repercussions impact across the digital asset ecosystem, which has long maintained that its tokens do not represent securities contracts.”

However, Garlinghouse told Bloomberg on Wednesday that the company cannot wage multimillion-dollar legal battles over each token.

He spoke to the news agency from the Republican National Convention in Milwaukee, where the party is backing the candidacies of former President Donald Trump and Ohio Sen. J.D. Vance, both of whom are considered pro-cryptocurrency.

But Garlinghouse argued that cryptocurrencies “should not be a partisan issue,” and noted that he had recently attended a conference in Washington that included Democrats, including White House officials.

“I think they were there, listening to the industry… it was refreshing to start having that conversation,” she said.

President Joe Biden earlier this year he vetoed a measure which would have ended the SEC’s special rules for crypto-asset custodians. This legislation was supported by both the digital asset industry and the banking industry.

Ripple early this year donated $25 million to the cryptocurrency industry’s super PAC Fair Smoothiewith Garlinghouse stating at the time that such donations would continue every year, as long as the industry had its detractors.

Second Open SecretsWhich monitor spending For campaigns, the PAC has spent $13.4 million this year, much of it to help defeat Rep. Katie Porter’s (D-Calif.) U.S. Senate campaign.



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The Future of Cybersecurity in the Cryptocurrency Industry

SatoshiTimes Staff

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The Future of Cybersecurity in the Cryptocurrency Industry

The cryptocurrency space has had a tumultuous journey, with its fair share of ups and downs. As we look to the future, one area that remains a constant focus is cybersecurity. The digital nature of cryptocurrencies makes them inherently vulnerable to cyber threats, and as the industry evolves, so does the landscape of potential risks.

In 2022, the cryptocurrency market faced significant challenges, with over $2 trillion in market value lost. This event served as a wake-up call for the industry, highlighting the need for robust cybersecurity measures. The future of cryptocurrency security is expected to see a shift towards more regulated and established institutions taking the reins of crypto technology and blockchain infrastructure.

The decentralized nature of cryptocurrencies offers numerous benefits, such as transparency and financial inclusion. However, it also introduces unique security challenges. The risk landscape is filled with threats such as hacking, phishing, ransomware attacks, malware, and social engineering. These threats not only lead to financial losses, but also damage the reputation and trust within the cryptocurrency ecosystem.

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The decentralized nature of cryptocurrencies offers many benefits, but it also presents unique security challenges. Cyber ​​risks such as hacking, phishing, and ransomware pose threats to the integrity of digital assets. The infrastructure that supports cryptocurrencies is not immune to vulnerabilities, including smart contract flaws and exchange hacks.

To address these vulnerabilities, the infrastructure that supports cryptocurrencies must be strengthened. Smart contract vulnerabilities, exchange hacks, wallet breaches, and flaws in the underlying blockchain technology are significant concerns that must be addressed to ensure the security and integrity of digital assets.

As cybercriminal tactics and techniques become more sophisticated, the cryptocurrency industry must stay ahead of the curve. The future will likely see more targeted attacks, exploiting weaknesses in infrastructure, networks, and human factors. This requires a proactive and multifaceted approach to cybersecurity.

To mitigate these risks, several measures must be adopted:

Strengthening security measures: Developers, exchanges, and wallet providers must improve security protocols, use strong encryption, implement multi-factor authentication, and conduct regular security audits.

Education and awareness: Users should be educated on best practices for protecting their digital assets, including using strong passwords, recognizing phishing attempts, and using hardware wallets for secure storage.

Looking ahead, the cryptocurrency industry is expected to see an increased focus on robust security measures. Blockchain projects and exchanges are likely to invest in advanced encryption techniques and decentralized storage solutions to protect user assets. The future impact of cyber risk on cryptocurrencies will depend on the collective efforts of stakeholders to address vulnerabilities and strengthen security measures.

Collective efforts by stakeholders in the cryptocurrency space are crucial to address vulnerabilities and strengthen security measures. While challenges persist, advances in cybersecurity technologies and practices offer hope for a more secure and resilient cryptocurrency ecosystem.

The future of cybersecurity in the cryptocurrency industry depends on finding a balance between innovation and regulation. It requires a collaborative effort from all parties involved, from developers to end users, to create a secure environment that fosters trust and growth in the industry. As we move forward, it is critical that lessons learned from past events guide the development of stronger security measures, ensuring the longevity and stability of cryptocurrencies as a vital part of the modern economic toolkit.

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Bullish XRP and RLBK price predictions rise, outpacing the broader cryptocurrency market, prompting Shiba Inu holders to switch!

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Bullish XRP and RLBK price predictions rise, outpacing the broader cryptocurrency market, prompting Shiba Inu holders to switch!

Bitcoin’s one-week surge from $60,000 has pushed other cryptocurrencies into an uptrend. However, for many altcoins, this trend has been temporary. Altcoins such as XRP and Shiba Inu (SHIB) have experienced price drops. However, Rollblock, a new altcoin on the Ethereum blockchain, has thrived during this period, attracting thousands of investors looking for long-term growth.

XRP’s Nearly 30% Growth Over Last Week Drops as Selling Pressure Increases

XRP is seeing further price decline as Ripple investors withdraw their profits from the token. The surge in XRP’s price to $0.64 in the past week has provided investors with a perfect opportunity to increase their returns in the short term. With the ongoing sell-off in XRP, XRP has jumped over 8% in the past day and is now trading at $0.59. However, analysts tracking XRP indicators predict that XRP could still extend its gains by over 30% in the coming weeks.

Shiba Inu (SHIB) marks its third consecutive day of losses

Shiba Inu (SHIB) is in a period of adjustment after a week of strong gains. In the last 24 hours, SHIB has seen a jump of over 7%, reflecting a natural market fluctuation. Analysts are observing a death cross on the Shiba Inu chart, which historically signals the potential for future opportunities as the market stabilizes. As investors explore new possibilities, some are diversifying into promising altcoins like Rollblock (RBLK) to strategically rebalance their portfolios and capitalize on the emerging trend.

Rollblock (RBLK) Up Another 7% as New Investors Join Pre-Sale

Rollblock (RBLK) has taken the cryptocurrency market by storm, having attracted investors from more popular altcoins like Shiba Inu (SHIB) and XRP. Rollblock’s growth is attributed to its utility in the $450 billion global gaming industry.

Rollblock aims to use blockchain technology to bridge the gap between centralized and decentralized gambling. With blockchain technology, Rollblock secures every transaction in its online casino, providing transparency and convenience to millions of players who are uncomfortable placing bets on other iGaming platforms.

This innovative use of blockchain technology in the industry has grown Rollblock to over 4,000 new users in less than two months. With plans to add sports betting, this number is expected to grow exponentially in Q3.

Rollblock uses a revenue sharing model that splits up to 30% of its casino’s weekly profits with token holders. This happens after Rollblock buys back $RBLK from the open market and uses half of it for rewards. The other half is burned to increase the price of $RBLK.

Rollblock price has seen four increases in the past month with $RBLK tokens now selling for $0.017. Analysts predict that at the current growth rate, Rollblock could increase by over 800% before the presale ends. For investors looking for a long-term token with growth potential, phase four is the best time to buy Rollblock before its price skyrockets!

Discover the exciting Rollblock (RBLK) pre-sale opportunities now!

Website:https://Rollblockpresale.io/

Social: https://linktr.ee/Rollblockcasino

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Texas Crypto Miners Turn to AI as Crypto Declines

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Texas Crypto Miners Turn to AI as Crypto Declines

As cryptocurrency mining becomes less profitable, Texas cryptocurrency mining companies are switching to supporting artificial intelligence companies.

Bitcoin miners, with their sprawling data centers and access to significant energy resources, are ideally suited for computationally intensive AI operations, and as cryptocurrency mining becomes less profitable, companies see this shift as a logical answer to their problems.

On Thursday, Houston-based Lancium and Denver-based Crusoe Energy Systems announced a multibillion-dollar deal to build a 200-megawatt data center near the West Texas city of Abilene to support advanced artificial intelligence applications such as medical research and aircraft design, CNBC reported. The plant represents the first phase of a larger 1.2 gigawatt project.

Lancium and Crusoe’s move into AI mirrors a broader trend among bitcoin miners. The combined market capitalization of the top U.S.-listed bitcoin miners hit a record $22.8 billion in June. Companies like Bit Digital and Hut 8 are diversifying into AI, with Bit Digital securing a $92 million annual revenue deal to supply Nvidia GPUs and Hut 8 raising $150 million to expand its AI data center.

But the growing popularity of these operations also presents challenges, particularly for the Texas power grid. Last month, the Electric Reliability Council of Texas announced that the state is expected to nearly double its energy production by 2030 to meet the high energy demands of data centers and cryptocurrency operations.

Lieutenant Governor Dan Patrick expressed concern about the projections.

“Cryptocurrency miners and data centers will account for more than 50% of the additional growth. We need to take a close look at these two sectors,” He wrote on Twitter/X. “They produce very few jobs compared to the incredible demands they place on our network. Cryptocurrency miners could actually make more money selling electricity to the network than they do from their cryptocurrency mining operations.”

Analysts predict significant growth in data center power capacity, which is expected to account for up to 9% of U.S. electricity consumption by 2030.

The operations also pose challenges for nearby cities. Earlier this month, TIME reported that a crypto-mining facility was seriously compromising the health of residents in the city of Granbury. TIME reported more than 40 people with serious health problems, including cardiovascular disease, high blood pressure and hearing loss. At least 10 of the residents needed to go to the emergency room or an urgent care facility.

The disturbances were caused by the extreme noise generated by the crypto-mining facility’s fans, which are used to keep the machines cool. While the proposed data center in Abilene would use liquid cooling systems, it’s still unclear whether the facility’s operations would pose a health risk to local residents.

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