Next Cryptocurrency to Explode: BTC20, TRON, Litecoin
Among the many cryptocurrencies gaining momentum, three stand out for their potential to explode shortly: BTC20, TRON, and Litecoin.
Welcome to Crypto Weekly, your source for the latest and most important news in the crypto space. Every week, we bring you the top stories, insights, and analysis on the hottest topics and projects in the industry. Here is what you need to know this week:
Next Cryptocurrency to Explode: BTC20, TRON, Litecoin
The crypto market shows signs of recovery after a turbulent month of June when China’s crackdown on mining and trading caused a massive sell-off. Some analysts predict that the second half of 2023 will be bullish for crypto as more institutional investors and mainstream adoption drive the demand and innovation.
Among the many cryptocurrencies gaining momentum, three stand out for their potential to explode shortly: BTC20, TRON, and Litecoin.
BTC20 is a new token that aims to bridge the gap between Bitcoin and Ethereum by allowing users to access decentralized applications (DApps) and smart contracts on the Bitcoin network. Bitcoin backs BTC20 at a 1:1 ratio and runs on the Ethereum-compatible Binance Smart Chain (BSC). BTC20 claims to offer faster transactions, lower fees, and more scalability than Bitcoin while preserving its security and value. BTC20 has already attracted over $1 billion in market capitalization since its launch in May 2023.
TRON is one of the oldest and most popular platforms for DApps, with over 40 million active users and 2,000 DApps. TRON aims to create a decentralized internet that is free, transparent, and efficient. TRON has recently launched a new upgrade called Sun Network, which enhances its scalability, security, and interoperability with other blockchains. TRON also boasts a vibrant ecosystem of tokens, games, NFTs, and DeFi projects. TRON’s native token, TRX, has increased by over 50% in the past month.
Litecoin is one of the first and most successful forks of Bitcoin, designed to be faster, cheaper, and more accessible than its predecessor. Litecoin has a loyal community of users and miners who value its simplicity and reliability. Litecoin has also been adopted by many merchants and platforms as a payment option, thanks to its low fees and fast confirmation times. Litecoin is currently working on implementing MimbleWimble, a privacy-enhancing protocol that will make its transactions more anonymous and fungible. Litecoin’s price has risen by over 40% in the past month.
These three cryptocurrencies are among the most promising ones to watch out for in the coming weeks and months, as they offer unique solutions and advantages to their users and investors. However, as always, do your research and be careful of the risks involved in crypto investing.
Source: https://insidebitcoins.com/news/next-cryptocurrency-to-explode-saturday-22-july-btc20-tron-litecoin
New Low Market Cap Crypto Presale: Evil Pepe Coin
If you are looking for a new low market cap crypto project to invest in, you might want to check out Evil Pepe Coin ($EVILPEPE), a new memecoin that aims to challenge $PEPE’s position as the market leader.
Evil Pepe Coin is a fork of $PEPE2.0, a fork of $PEPE, one of the most popular memecoins based on the Pepe the Frog meme. Evil Pepe Coin claims to be better than $PEPE2.0 regarding tokenomics, governance, and community.
Evil Pepe Coin has a total supply of 100 million tokens, with 50% allocated for presale, 25% for a liquidity pool, 15% for marketing and development, and 10% for teams and advisors. The presale price is $0.01 per token, with a minimum purchase of $100 and a maximum purchase of $10,000. The presale will end on July 31 or when the hard cap of $500,000 is reached.
Evil Pepe Coin plans to launch its decentralized exchange (DEX) called EvilSwap, where users can trade $EVILPEPE and other meme-coins with low fees and high rewards. Evil Pepe Coin also plans to launch its own NFT marketplace, EvilArt, where users can create, buy and sell NFTs based on Pepe memes.
Evil Pepe Coin has already raised over $300k in its presale, attracting over 10k followers on Twitter and Telegram. The project claims to have a strong team of developers, marketers and influencers, and partnerships with other memecoin projects such as Dogelon Mars ($ELON) and Shiba Inu ($SHIB).
However, Evil Pepe Coin is also a highly risky and speculative investment, as it faces fierce competition from $PEPE and $PEPE2.0, as well as regulatory and legal challenges due to the controversial nature of the Pepe meme. Moreover, Evil Pepe Coin has not yet launched its mainnet or DEX, and there is no guarantee that it will deliver on its promises or maintain its hype.
Therefore, if you decide to invest in Evil Pepe Coin, do so cautiously and only with money you can afford to lose.
Source: https://insidebitcoins.com/news/new-low-market-cap-crypto-presale-evil-pepe-coin-raised-over-300k
Ripple Crypto News: Upcoming Famous Cryptocurrencies To Invest
Ripple ($XRP) is one of the most famous and controversial cryptocurrencies in the market, as it faces a lawsuit from the U.S. Securities and Exchange Commission (SEC) over its alleged illegal sale of securities.
Ripple is a company that provides a global payment network called RippleNet, which uses its native token, XRP, as a bridge currency to facilitate cross-border transactions. Ripple claims that XRP is not a security but a utility token used to power its network and provide liquidity to its customers.
Ripple has been fighting the SEC in court since December 2020, when the regulator filed a complaint against Ripple and its executives, accusing them of raising over $1.3 billion through an unregistered and ongoing offering of XRP. The SEC alleges that XRP is a security and that Ripple and its executives violated federal securities laws by selling XRP without registering it or obtaining an exemption.
The lawsuit has significantly impacted XRP’s price and liquidity, as many exchanges and platforms have delisted or suspended XRP trading in the U.S. market. However, XRP has also gained support from many investors and industry players, who believe that XRP is not a security and that the SEC’s case is unfounded and harmful to the crypto industry.
The lawsuit is still ongoing, and both parties have been engaged in a series of motions, discovery requests, hearings, and settlement talks. The outcome of the case could have major implications for XRP’s future and the crypto industry as a whole.
If Ripple wins the case or reaches a favorable settlement with the SEC, XRP could see a huge surge in price and adoption, as it would clear its legal uncertainty and restore its access to the U.S. market. Ripple could also resume its expansion plans and partnerships with banks, payment providers and other institutions worldwide.
If Ripple loses the case or reaches an unfavorable settlement with the SEC, XRP could face severe consequences, such as fines, penalties, restrictions, or even delisting from all exchanges.
A Project to Look Into This Week: Solana
Solana ($SOL) is a high-performance blockchain platform that claims to offer scalability, security, and decentralization without compromising on speed or cost. Solana claims to be able to process over 50,000 transactions per second (TPS) with sub-second finality and low fees.
Solana achieves this feat by using a novel consensus mechanism called Proof of History (PoH), which creates a cryptographic timestamp for each transaction on the network. This allows Solana to order transactions without relying on a leader node or a committee of validators, thus avoiding bottlenecks and forks.
Solana also leverages other innovations such as Turbine (a block propagation protocol), Sealevel (a parallel smart contract runtime), Pipelining (a transaction processing unit), Cloudbreak (a concurrent state database) and Archivers (a distributed ledger storage).
Solana has attracted much attention and adoption in crypto, especially in the DeFi and NFT sectors. Some of the popular projects built on Solana include Serum (a decentralized exchange), Raydium (an automated market maker), Audius (a music streaming platform), Star Atlas (a metaverse game) and Solana Monkey Business (an NFT collection).
Solana’s native token, SOL, is used to pay for fees, participate in network governance and secure the network through staking. SOL has been one of the best-performing cryptocurrencies in 2023 Q1, gaining over 300% in value from $1.51 on Jan 1 to $6.10 on Mar 31. SOL reached an all-time high of $7.50 on Apr 12, following the announcement of a $20 million fund by Solana Foundation and Coin98 Ventures to support projects in Southeast Asia.
Solana is one of the most promising projects this week, as it offers a fast, scalable, and secure alternative to other blockchain platforms. Solana has a strong team of developers, investors, and partners and a growing ecosystem of applications and users. Solana could challenge Ethereum’s dominance in the DeFi and NFT space and attract more mainstream adoption and innovation.
Crypto Market Analysis: A Mixed Bag of Opportunities and Risks
The crypto market has been a mixed bag of opportunities and risks in 2023 Q1, as it recovered from the 2022 crash and faced new challenges and uncertainties. Here are some of the key factors that influenced the market performance and sentiment in the past quarter:
Institutional interest and adoption: The crypto market received a boost from the renewed interest and adoption by institutional investors and corporations, such as BlackRock, Morgan Stanley, Tesla, MicroStrategy, and Square. These entities have either filed for crypto ETFs, offered crypto exposure to their clients, bought Bitcoin as a reserve asset or integrated crypto payments into their platforms. These moves have signaled confidence and legitimacy for the crypto industry and increased the demand and liquidity for crypto assets.
Regulatory and legal developments: The crypto market also faced some regulatory and legal hurdles, such as the SEC’s lawsuit against Ripple, the CFTC’s investigation into Binance, the IRS’s crackdown on crypto tax evaders, and the banking crisis in the US. These developments have created uncertainty and volatility for the crypto market and posed potential threats to its growth and innovation. However, some regulators have also shown signs of openness and support for the crypto industry, such as the OCC’s approval of crypto custody by national banks, the SEC’s approval of several crypto futures ETFs, and the CFTC’s endorsement of DeFi.
Innovation and competition: The crypto market has also witnessed a lot of innovation and competition in various sectors, such as DeFi, NFTs, layer-2 solutions, privacy coins, and memecoins. These sectors have attracted much attention and capital from investors, developers, and users as they offer new use cases, features, and benefits for the crypto industry. However, they face challenges and risks, such as scalability issues, security breaches, regulatory uncertainty, and market saturation.
Overall, the crypto market has shown mixed signals and trends in July 2023, offering both opportunities and risks for investors. The market is still evolving and maturing, facing various challenges and uncertainties. As always, doing your own research, diversifying your portfolio, and managing your risk when investing in crypto is important.
That’s all for this week’s edition of Crypto Weekly. We hope you enjoyed reading it and learned something new. If you did, please share it with your friends and subscribe to our newsletter for more updates. I appreciate your support!